Mantis Funding - Here is Why Alternative Financing is The Best Funding Solution For SMEs

1. Here is Why Alternative Financing is The Best Funding Solution For SMEs

2. Business funding is the most crucial aspect for the growth of any business. However, for some reasons, this is also the hardest part to get. After the recession, the banks have become a bit apprehensive and tight with their policies in terms of funding. Be it a new business, SME or a well-established firm, the banks require their transaction history from at least a couple of years ago and they even access the applied application with the client’s credit score and their collateral's.

3. Although the usual tendency of a businessman is to incline towards the traditional channel to extract funds for the venture. However, what should an SME or a businessman do when they do not qualify these guidelines? Should they drop their plans of expansion and overlook their growth? Who should they look up-to? What are the financial channels for them? Well, the answer to these questions is the alt-fin industry. It is an industry that understands the pain of a business owner and is working for the well-being of these businessmen.

4. Companies like Mantis Funding are working to provide liquidity in the operations of a business by providing businessmen with funds and services of different sizes (as required by the business owner) to help them grow with a constant flow of cash. Apart from that, here are a couple of reasons why considering alternative financing industry is the best bet for a businessman.

5. They don’t necessarily consider credit score as a factor for application approval

6. When one opts for a traditional channel to obtain funds for their business, the biggest things they need to make sure is that they have maintained their credit score through and through. This is also their biggest hurdle because the moment a bank sees that their FICO score is less than the required pre-requisite, they will disqualify the application without giving it a second thought.

7. Besides, an alt-fin company does not necessarily form its guidelines around these scores. They form their rules and regulations keeping the SMEs in mind. Thus, making it easier to get funds. Firms like Mantis Funding look for points such as personal and business transaction, the consistency in revenue and a few more aspects to process the application.

8. Designed to provide funds as per the requirement of the owner

9. To aid growth, every business requires a substantial amount of funding. The fact that alt-funders design their policies in such a way they can fulfil the requirements of the business and its owners to target their proposed growth augments well among the SMEs. Banks might oblige them with a small sum, due to their apprehensive nature, but firms like Mantis Funding are working to complement the daily and big needs of a venture.

10. Efficiency and Quickness is their second nature

11. Who does not like quick and efficient funding? But do banks promise to deliver such leisure? Well, the Alt-Financing firms do! Funds are vital for business and these alt-fin firms completely understand that. Knowing the approval status of the application enables them to process the funds better. Further, if a businessman has a special request, firms like Mantis Funding review the application, and also promise to provide funds within 24-hours of approval!

12. Accessing cash through these firms is like a blessing. There are many reasons why placing a bet on these firms for the growth of the venture is the best decision a business owner can make. However, to conclude, it is important to understand that there is no need to worry about the funds when a friendly neighborhood firm like that of Mantis Funding are there for help.