Mantis Funding - Running a Small Business is Hard – Unless you Have access to Capital

1. Running A Small Business Is Hard – Unless You Have Access To Capital!

2. When I first started my business, I had this one statistic quoted to me all the time – only 50% of small businesses survive past their 5th year in business! Considering how stressful and daunting it is to start a business in the first place, this statistic didn’t help at all. However, now with an established and profitable restaurant business behind me, I can tell you from my experience how to be in the winning 50% side.

3. There are many factors that contribute to the success of a business – the product/or the idea behind the business, demand from your target market, your management skills, and access to capital. In this article, I will concentrate on the financial side of things. Here the most crucial part of any growing small business is MONEY – to operate smoothly and to grow.

4. Naturally, launching a business is an investment, and every entrepreneur plans for it. Where they falter is long-term running expenses, and, of course, funding for expansion. Things don't always go according to the projections you made, and sometimes it takes longer for sales and revenues to catch up. In the meantime, cash flow tightens like a noose around small businesses – all you need is this situation is some funds to keep you running till the business matures and becomes profitable.

5. Alternative Financing Is An Excellent Option For Most Small Businesses In This Situation.

6. When I encountered some cash flow issues in my second year in business, I got in touch with Mantis Funding for a cash advance. I had already done my homework and shortlisted several good alt-lenders. There were no Mantis Funding complaints, and the reviews were wholly positive, so I called them first, and their offer (as well as the managers who I interacted with) was fantastic. I ran the whole deal past my accountant and signed right up. It would not be an exaggeration to say that Mantis Funding cash advance is the reason why my business survived and thrived. This is how –

7. Fast Funding Over the years, Mantis Funding cash advance has become my go-to liquidity booster. They have always been extremely fast in processing the money. Even the first time when my business was relatively new and my credit scores not-so-great, Mantis Funding came through in just 2 business days.

8. Accessible Funding Without excellent FICO scores, getting approved by a bank proved to be impossible for me. The alternative lending industry, on the other hand, uses broader criteria for judging a company's financial health. Here my year-long revenues seemed to help.

9. Flexible Funding Over the years, I have taken 4 financing offers from Mantis Funding, the merchant cash advance is the one I have used most often – in amounts varying from $10,000 to $40,000 – but I have also used equipment financing and invoice factoring. My decisions were guided by my current business needs and my ability to manage the debt. Mantis Funding gave no chance for complaints as they understood the changing requirements and always had an appropriate offer on hand.

10. I was lucky that I found a reliable funding partner in the first go. Actually, it wasn't all just luck; I did my research well before I needed the money so that when the time came to apply for funding, I did so with some clarity. I would urge all small business owners to do the same – keep an alt-funding partner shortlisted for your needs. In fact, why not take on a small deal, just to start the relationship. This will save you so much time and stress when you finally need some capital.