Change is the nature of our world and we have
to accept it. Perhaps, this is the reason why the financing industry is
changing despite constant skepticism from the economic experts. The arrival and
rise of the alternative financing industry is a testament to the change that we
are talking about.
Who
would have thought about this? 2026 is the year that will see this industry in
cruise control. Maybe their dominance can start a little early, given the
current scenario. Besides, taking lessons from the Great Recession of 2008, it
is easy to predict that traditional channels are going to tighten their rules
and regulations to prevent the repeat of their catastrophic financial disaster.
This
might not sound good for small and medium businesses; but, the fact that the
market is embraced with the presence of alternative financing firms like Mantis Funding, SMEs, for the first
time, are in safe hands. Irrespective of time, these alt-fin firms have helped
SMEs with funds and help them to grow.
With their lucrative deals, they ensure
that their clients are satisfied. Apart from that, they ensure flexible terms
and conditions with customized repayment modes, which don’t put burden on the
consumer’s pocket. Fast processing is also one thing that makes them better than
others. It barely takes 5 days to process funds for an application. In case the
approaching client requests them for an urgent set-up, they oblige the same and
prepare online funding within 24 hours!
How Cash Advance can really help?
Despite being one of the most popular choices
among the alt-funding sector, there are still some misconceptions about what
cash advance actually is.
No matter what the size of the business, a
cash advance is the lump sum amount that the alt-fin company provides, in
advance, for an exchange of future earning or a percentage of sales of debit or
credit cards.
A Cash Advance is the fastest funding that a
consumer can ask for. The alternative financing firms like Mantis Funding concentrate on making the application procedure easier
and faster. With an AI/ML backed system, they ensure that criterias like
transaction history, expenditure patterns, revenue stream, social media
behavior, and some more related things are processed and verified quickly. This provides them with a score of Debt
Service Coverage Ratio(DSCR) which states whether the applicant is trustworthy
or not.
Besides, firms like Mantis Funding reviews an application with a holistic method. This
method helps them to understand the dilemma the consumer is facing. And, this
lays the foundation of customized deals that come with flexible cost structures
and increased working capital helping an SME owner to grow and expand.
How to Go About Finding the Right Firm?
It’s kind of tricky to find the right firm
that matches your ideology, especially in a market which
is covered with imposters. Trust is the biggest driving force but who to give
it is a question. Hence, the best way to go about this is by opting to look at
reviews.
Platforms like Yelp, MantisFunding reviews, Google Reviews, etc, can really help in gaining an idea
regarding the credibility of the firm. Besides, you can contact your peers who
have worked or partnered with different firms to support their business.
Going
with gut feeling and word-of-mouth is great but you cannot trust your finances
with anyone and everyone. This is why it is best for you to take insights from
others and look for well-established firms like Mantis Funding who can really guide you through your problems with
effective strategies.
