When I first started my business, I had this one statistic quoted to me all the time – only 50% of small businesses survive past their 5th year in business! Considering how stressful and daunting it is to start a business in the first place, this statistic didn’t help at all. However, now with an established and profitable restaurant business behind me, I can tell you from my experience how to be in the winning 50% side.

1. Running A Small Business
Is Hard – Unless You Have
Access To Capital!

2. When I first started my business, I had this one
statistic quoted to me all the time – only 50% of small
businesses survive past their 5th year in business!
Considering how stressful and daunting it is to start
a business in the first place, this statistic didn’t help
at all. However, now with an established and
profitable restaurant business behind me, I can tell
you from my experience how to be in the winning
50% side.

3. There are many factors that contribute to the
success of a business – the product/or the idea
behind the business, demand from your target
market, your management skills, and access to
capital. In this article, I will concentrate on the
financial side of things. Here the most crucial part
of any growing small business is MONEY – to
operate smoothly and to grow.

4. Naturally, launching a business is an investment,
and every entrepreneur plans for it. Where they
falter is long-term running expenses, and, of course,
funding for expansion. Things don't always go
according to the projections you made, and
sometimes it takes longer for sales and revenues to
catch up. In the meantime, cash flow tightens like a
noose around small businesses – all you need is
this situation is some funds to keep you running till
the business matures and becomes profitable.

5. Alternative Financing Is An
Excellent Option For Most Small
Businesses In This Situation.

6. When I encountered some cash flow issues in my
second year in business, I got in touch with Mantis
Funding for a cash advance. I had already done my
homework and shortlisted several good alt-lenders.
There were no Mantis Funding complaints, and the
reviews were wholly positive, so I called them first, and
their offer (as well as the managers who I interacted
with) was fantastic.
I ran the whole deal past my accountant and signed
right up. It would not be an exaggeration to say
that Mantis Funding cash advance is the reason why
my business survived and thrived. This is how –

7. Fast Funding
Over the years, Mantis Funding cash advance has
become my go-to liquidity booster. They have always
been extremely fast in processing the money. Even
the first time when my business was relatively new
and my credit scores not-so-great, Mantis Funding
came through in just 2 business days.

8. Accessible Funding
Without excellent FICO scores, getting approved
by a bank proved to be impossible for me. The
alternative lending industry, on the other hand,
uses broader criteria for judging a company's
financial health. Here my year-long revenues
seemed to help.

9. Flexible Funding
Over the years, I have taken 4 financing offers
from Mantis Funding, the merchant cash advance is
the one I have used most often – in amounts varying
from $10,000 to $40,000 – but I have also used
equipment financing and invoice factoring. My
decisions were guided by my current business needs
and my ability to manage the debt. Mantis Funding
gave no chance for complaints as they understood
the changing requirements and always had an
appropriate offer on hand.

10. I was lucky that I found a reliable funding partner
in the first go. Actually, it wasn't all just luck; I did
my research well before I needed the money so
that when the time came to apply for funding, I did
so with some clarity. I would urge all small
business owners to do the same – keep an alt-
funding partner shortlisted for your needs. In fact,
why not take on a small deal, just to start the
relationship. This will save you so much time and
stress when you finally need some capital.