Mantis Funding - Working Capital Augmentation With Merchant Cash Advances

1. Working Capital Augmentation With Merchant Cash Advances

2. Merchant cash advances from business finance lenders such as Mantis Funding are the alternate source of capital augmentation when all other funding options are closed. The payment is made against future credit card sales and the lender just ensures that the volume of sales is sufficient so that the money lent can be paid back.

3. Once the cash advance is approved, the money is given as a lump sum into the business account of the borrower. The duration of cash advance is usually short term and the repayment begins almost immediately. The total amount to be paid is fixed and each repayment results in a decrease in the amount of cash advance.

4. The percentage agreed upon is deducted from the transaction amount by the payment provider and credited to the account of the lender. It is easy to keep track of daily or monthly transactions due to the fact that all transactions are through the credit card.

5. Quick Responses From Business Finance Lenders

6. Traditional lenders take time to go through business plans, tax returns, and financial statements before approval of funding. They also go through the credit history and credit scores of the borrower.

7. Taking money from banks and credit institutions is very time-consuming. Business owners, therefore, seek the help of business finance lenders such as Mantis Funding to give them merchant cash advances to tide them over their immediate funding needs.

8. The approval rates of cash advances are pretty high. Repayment plans are quite flexible. A percentage is cut from the daily sales and the repayment amount varies according to the volume of sales. The greater your volume of sales, the quicker you can repay your cash advance.

9. Checking Reviews To Locate An Authentic Lender

10. Merchant finance lenders make it possible for you to finance your urgent funding needs. However, the lack of regulation by the government makes it possible for them to charge you any amount as a fee for the cash advance.

11. They may also ask you to sign complicated contracts that may be difficult to get out of. It is therefore very important to check out reviews of lenders before taking cash advances from them. Mantis Funding reviews speak of the positive experience that borrowers had and why it is important to only seek help from lenders like them.

12. Mantis Funding works with a dedicated team that is drawn from different industrial fields. They thus have in-depth knowledge of the funding needs of the industry and are able to match the merchant cash advances with the funding requirements of their clients.

13. Positive Reviews For Positive Lenders

14. Mantis Funding reviews also speak of the painless approval process and how the money that was needed at a critical time came in almost immediately making it possible for them to process the order and expand their business. Authentic business finance lenders such as Mantis Funding spend time with their clients to explain the process to them and what it is that they are committing to.

15. This creates a bond of trust between the lender and the borrower and lets them form strategic partnerships that are profitable for both the parties concerned. Merchant cash advances may not be suitable for all businesses but it is certainly helpful when the need is urgent and there is no time to waste. It is also good for new businesses who have not had a chance to build up a credit history and for those that have a lot of transactions such as pubs and restaurants.