Revenue-Based Financing
For Your Business
At Mantis Funding, we’ll work diligently with you to help your business acquire the funds it needs fast. We partner with companies from a wide range of industries and understand the need for revenue-based financing options. We create custom revenue-based financing options to suit and strengthen your business. Whether you need $5,000 or $500,000, we’ll be here to assist you every step of the way.
How It Works
Mantis Funding offers revenue-based financing to small business owners, which is an alternative form of financing that exchanges working capital for a set amount of the business’ future revenue, and it’s based upon the revenue that the business generates monthly.
Qualifications
- Qualifying businesses are offered between $5,000 – $500,000 in working capital
- Payment is automatically debited daily or weekly from the business bank account
- Estimated payment period is between 3 – 6 months
Eligibility Criteria
- Business has been operational in the U.S. for more than 6 months
- Own 50% or more of the business
- Minimal credit score check, low credit scores OK!
Our Process
Our hassle-free process is designed without any of the red tape you’ll find from traditional lenders. Instead, we strive to understand your business quickly so we can offer tailored revenue-based solutions.
1. Application
Our application requires the business owner’s name, social security number, business name, tax ID, and the last three months of the business bank statements. We will also require a copy of the business owner’s driver’s license and a voided check from the business bank account. Once the offer is accepted, the business owner then signs our financing agreement which details the offer, payment structure, and terms. Additional documentation may be required on a case-by-case basis.
2. Approval
The approval process begins as soon as the underwriting team at Mantis Funding receives the application and the required documents. The business owner is notified within in 24 – 72 hours if their business has been approved for financing.
3. Financing
To receive financing, our offer must be accepted by signing the financing agreement, then Mantis Funding will complete the bank verification and coordinate a funding call with the business owner to confirm, acknowledge, and accept the terms of the agreement. Once the funding call is completed, Mantis Funding deposits the funds into the business bank account within one business day.
4. Renewal
Mantis Funding can renew the agreement to provide the business additional capital at the time that the most recent financing agreement is 65% fulfilled and the payments are in good standing. For more details on renewing your agreement, please contact your account representative.
FAQs
Revenue-based financing is an alternative form of financing that exchanges working capital for a set amount of the business’ future revenue. The amount of financing that a business qualifies for will ultimately be based on the total monthly revenue that it generates. Repayment structures are either daily or weekly, and they are directly debited from the business’ bank account.
The three main differences between a traditional business loan and revenue-based financing are:
- Traditional business loans often require proof of creditworthiness for approval, while revenue-based financing does not need proof of perfect credit history, but instead requires your business to be generating revenue.
- Traditional business loans take significantly longer to complete due to the institution’s rules and regulations, while revenue-based financing can be provided quickly, with our revenue based product we can provide business funding within one to three business days, through a few forms of identification and bank statements confirming the consistent revenue stream of the business.
- Traditional business loans may have lower interest rates, with longer terms because of their creditworthiness requirement, while revenue-based financing takes on higher risk by not having such a requirement with regards to credit, therefore revenue-based financing may have a higher repayment amount with a shorter repayment term.
Business owners often choose revenue-based financing if they need quick access to working capital or if they have factors such as poor credit affecting their odds of approval with other types of traditional lenders, such as banks. Depending on how the qualified business operates, Mantis Funding will discuss the options with the business owner to determine whether a daily or weekly repayment structure is most suitable for their business. Once the terms have been finalized, the business owner will accept the offer by signing the financing agreement, then Mantis Funding will complete the bank verification and coordinate the funding call with the business owner so that they can receive the funds in their business bank account within one business day.
Eligibility Criteria for Revenue-Based Financing with Mantis Funding
- Business has been operational in the U.S. for 6+ months
- Own 50% or more of the business
- Minimal credit score check, low credit scores OK!
If your business meets these requirements, Apply Here Now.
Get in Touch
Want to learn more about our application process or still have other questions?
Our qualified representatives are standing by to lend a hand.