Like others, retail businesses require funds to survive. Be it a sudden increase in payroll or purchase of a new item for the shelf, there is a high need for retail businesses to keep themselves on the toes. Also, the uncertainty surrounding the season cash-flow gap also looms large over the owner’s head.
However, the question is who will help the retail store owner? Perhaps, if the owners boast a high credit score along with heavy collaterals then, he has no problem in approaching the traditional channel. But what about those small and medium businesses who are struggling to maintain the standard criteria? Don’t they have the basic right to access funds?
Mantis Funding and other alt-fin firms have taken the responsibility to ensure that SME retailers don’t face any problem related to funds. With options like cash advance, they make sure that shopkeepers and restaurant owners are financially guarded to face any request or difficulty.
Besides, opting for Mantis Funding cash advance can be a really empowering option for the SME retailers. Firstly, it is not that hard to acquire. The approval process is very quick and the retailer has the luxury to utilize the funds the way he wants. Also, he can use it for business growth or expansion. Secondly, it is a cash advance provided in exchange for future credit or debit card sales. However, one has to be careful with their business because Mantis Funding Reviews each application carefully one by one. Though the application has no cost and the dealer has nothing to lose, but to gain one needs to consider these very important factors:
- Business mode: For alt-fin firms like Mantis Funding, this is very important
- Revenue Stream: Another factor that holds high importance. If they see high fluctuations in the revenue stream then it could lead to rejection
- Transaction history: This represents a lot about your credibility. Hence, ensure it to keep it steady
- Social Behavior: Your behavior with peers depicts a lot about your character and your pattern of dealing with executives.
- Intent: Your intent regarding the funds and your vision to use it matters a lot to the alt-funders.
Also, the repayment scheme is very flexible and does not burden the retailer’s pocket. The deals are prepared in tandem with the retailer and the exact amount is provided. Unlike traditional channels, they have advanced AI/ML-powered fin-tech systems that work holistically to provide the funds within the space of 3-4 days. Moreover, if the requirement is urgent, the application and the funds are processed within a matter of 24 hours!
In case their clients face any problem with the deal or are having trouble contacting them, these firms have a dedicated system like that of Mantis Funding Reviews, which is constantly working to enhance the user experience. Besides, to know more about the alt-funder you are opting to deal, try visiting platforms like Yelp; the reviews on this platform provide you with a broader perspective about the firm and the way they work with their clients.