Mantis Funding Your Alternative Financing Partner?

1. Mantis Funding Your Alternative Financing Partner?

2. I have been working with an alternative online lender for the last 5 years, and I get asked this question all the time! Despite the copious amount of online information about alt-lending methods and its various benefits, it seems the layperson is somewhat confused about when to approach alt-lenders and how the funds can be used.

4. So I have put together a shortlist of the most popular use cases of alt-fin financing offers – Businesses of all sizes and from all industry verticals use alternative financing to run and grow their operations. However, alt-fin offers have proved to be most useful for small and medium enterprises such as restaurants, construction, medical and dental practices, retail, transportation and logistics, automotive services, nightclubs, etc.

5. They access funds through a variety of flexible financing offers that have been put together by financial advisors to serve the specific needs of each industry. Purchase, Lease, and Upgrade Equipment – every alternative lending company that serves small businesses offer a variety of equipment financing deals. Business owners can either lease or purchase business-critical equipment without tying up their cash.

6. Improve Business Credit Paying creditors on time is crucial for improving business credit scores, and many small business owners leverage easy alt-financing offers to improve their credit ratings by clearing outstanding payments and showcasing a healthy payment habit.

7. Purchase Inventory Stocking up on inventory, especially to deal with seasonal demand peaks, is another preferred use of alt-fin deals by small business owners. For example, many retail customers of New York-based alt-lender Mantis Funding take out Cash Advances to stock up for Christmas.

8. Expand or Relocate a Business or Franchise Opening a second location (for example, for a restaurant or a franchisee) or expanding existing operations are two scenarios for which alt-fin lenders are a huge help for small business owners.

9. Manage Cash Flow Issues Many small businesses struggle once in a while to make ends meet – this could be due to any reason such as changes in consumer trends, natural calamities, or global recession. During these low cash times, funding deals like Mantis Funding Cash Advance can help with fixed and urgent costs such as payroll, utility bills, or insurance premiums.

11. Get Cash To Manage Slow Payments Invoice factoring is a great way to liquidate your future payments. In many industries, the amount owned to business owners takes several months to come through, such as in construction. In this scenario, companies such as Mantis Funding pay lump sum cash against invoices raised by the company. This, of course, helps the business meet its immediate expenses safe in the knowledge the money will be repaid as soon as their own payments get cleared.

12. Manage Seasonality Most businesses have clear and ever-present low and high seasons, and they all plan for it by using the earnings of their primary season to keep the companies ticking during the off-season. Working capital funding by alt-fin lenders can be extremely useful to ensure that small cash shortfalls can be managed, and businesses can prepare themselves to meet the main season.

13. Alternative financing is a huge boon to small businesses across the globe –they get easy and hassle-free access to the funds they need, on their terms, and with complete transparency. The popularity of these alt-fin offers is easily discernible by the fact that in companies like Mantis Funding, complaints are extremely rare!