Questions to Ask Yourself Before You Take a Merchant Cash Advance

1. Questions to Ask Yourself Before You Take a Merchant Cash Advance

2. Have you been considering merchant cash advance, but not sure whether it will meet your needs? Mantis Funding LLC offers highly customized funding solutions that are tailormade for small businesses such as liquor stores, medical stores, retail outlets and automotive stores. They provide a timely infusion of cash that businesses can use to meet urgent needs. If you haven’t decided on this form of funding or haven’t used it before, here are some questions that you can ask to make the right decision.

3. What is your financial situation? Take a good look at your business and its operations. Check whether there are any bottlenecks that have been caused due to a lack of funds. For example, if you run an automotive store, do you have adequate funds to stock up on spares and relevant parts? If you are struggling to make ends meet and having to compromise on customer satisfaction, then it’s wise to apply for a merchant cash advance from Mantis Funding LLC.

4. How soon do you need funds? Business owners can never predict when an emergency crops us. It could relate to the breakdown of critical machinery or certain damage to the interiors of your store. In such cases, you need immediate funds to repair the machinery or fix damaged store furniture etc.

5. A key reason why there are almost no Mantis Funding complaints is because they speed up the application and approval process to give you quick access to the finance that you need. This can be a real life-save during emergencies as it can get your business back on track.

6. Where will you spend the advance? Apart from emergencies, there may be several planned expenses in the pipeline. Before you take a merchant cash advance, try and identify how and where you will spend the extra money. For example, if you run a medical store, you may want to stock up on new medications, health drinks, etc.

7. If you run a retail outlet, expenses could relate to hiring of new staff, payroll, store upkeep and maintenance etc. Alternatively, you may need to pay for technological upgrades to keep up with advances in your industry.

8. How do you plan to repay the advance? Wondering why you don’t find Mantis Funding complaints? This is because they offer a simple and stress-free repayment plan that is business-friendly. When you take a merchant cash advance, the money is repaid based on a percentage of daily credit card transactions. Thus, there is no lump-sum repayment required. You can pay back the amount as and when your business earns revenue. Therefore, if you are not in a position to make fixed monthly repayments, apply for a merchant cash advance.

9. You can pay back the amount as and when your business earns revenue. Therefore, if you are not in a position to make fixed monthly repayments, apply for a merchant cash advance. If you have a clearer idea of whether this form of financing will suit your business, get in touch with Mantis Funding LLC right away.

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