How to Get Approved for a Merchant Cash Advance if You Have Been Declined Before

1. How to Get Approved for a Merchant Cash Advance if You Have Been Declined Before

2. For companies in need of additional funding, a merchant cash advance may provide vital financial liquidity. One top financier that provides merchant cash advance is Mantis Funding LLC. A merchant cash advance involves a funder purchasing a percentage of your potential credit card purchases in exchange for a lump sum payment. Unfortunately, certain merchant cash advance applications are turned down for a variety of reasons.

3. Don't worry if you weren't accepted for a merchant cash advance; you're not alone. Many merchant cash advance lenders carefully examine all applications. They also take into account your credit card purchases, total monthly sales, and other financial considerations. You would not be eligible for a merchant cash advance if you do not meet their criteria. Regardless, don't be discouraged by a rejection message! Nobody enjoys being turned down. There are, however, measures you may take to improve the odds of receiving a potential cash advance. Let's look at how you can improve your chances of having your next merchant cash advance approved.

4. Ask the Funder Why You Were Rejected Do you have any idea why your application was turned down? Direct your question to the merchant cash advance provider through which you applied. Many merchant cash advance firms such as Mantis Funding LLC can explain why your application was turned down. You will be able to resolve their issues in the future if you knew what their concerns were. This is the one of the reasons why you don’t see much of Mantis Funding complaints regarding the applications.

5. Wait Until You Receive More Credit Card Payments A merchant cash advance funder such as Mantis Funding LLC is a company that buys a percentage of your potential credit card purchases for a fixed period of time. As a result, funders scrutinize the present and previous credit card sales carefully. If you don't currently make a lot of credit card sales, a funder can be hesitant to give you a cash advance.

6. Double Check Your Application We understand that as a business owner you're always on the move. Since you're juggling too many things at once, you may be more prone to making basic errors on your application. Even so, it's very important to pay attention to every detail on your submission. You may be disqualified if you forget to provide important information or include inaccurate figures. This is primarily why you won’t hear of Mantis Funding complaints since they take their job seriously.

7. Refine Your Application Got a rejection? Don’t worry! You could look at it as a constructive learning experience. This will help you boost your chances of potential success by understanding why you were denied and how you can improve your application. If you've been turned down by one funder, that doesn't mean you should give up.

8. Instead, apply for a cash advance once again with proper information. You'll be able to refine your application as you learn from your mistakes and gain a better understanding of the approval process. You'll have a better chance of succeeding if you do this.

9. Finally, keep in mind that being rejected isn't the end of the universe. Since merchant cash advances can be excellent sources of financing, be cautious when applying for one so that you have a better chance of being accepted the next time.

10. Contact Us Mantis Funding 225 Clematis Street, West Palm Beach, Fl 33401 Email: info@mantisfunding.com Phone: 877-494-1499