25% of the world’s population is shopping online! And that number is predicted to SWELL to 2.14 billion in the next couple of years! I have been thinking of opening up the online frontier for my swimwear business for years, but this statistic is what pushed me to take action on my idea!
I own a swimwear/beachwear business, which I started more than a decade ago. Based in Florida, the sun and sand culture that I love so much is reflected in my business. I run my business from my store, and while I have my tribe of loyal buyers and haven’t lost too much business to cheap e-tailers, it is just a matter of time! I had to get online or get left behind.
Two years ago, I approached Mantis Funding for a cash advance to start online sales, and that turned out to be the best decision of my professional life. Here’s why –
Quick Turnaround Time
I spoke to a digital marketing firm, got my estimated cost, and applied. I got my money in just a couple of days from the Mantis Funding cash advance department. It took a few weeks for the website, e-commerce portal, and all the digital payment back-end to come together, but the funding was literally the fastest part of my entire expansion journey!
Alt-fin Flexibility Was Exactly What I needed
I got the exact amount I needed, the repayment was structured as a percentage of my daily sales, and there was no extensive paperwork. I have no Mantis Funding complaints – their team was super helpful, professional, and very quick. In fact, over the last couple of years, I have gone back whenever I needed additional funding. Small MCAs (merchant cash advances) are exactly right for my add-on seasonal expenses.
Extremely Helpful Team
This was truly a surprise! The alt-lender I partnered with, Mantis Funding, for a cash advance, had an extremely customer-centric approach. The funds manager actually steered me away from more expensive offers! This was one of the reasons I kept going back to them; they genuinely want your business to do well.
What I achieved in the last 2 years with the help of Mantis Funding cash advance –
I launched with ease and speed
The biggest advantage was that I didn't lose time hustling for money through a bank! I was hoping to catch the summer holiday season and was able to capitalize on peak demand and launch my online store with a good, profitable run!
I used several rounds of funding to grow internationally
The first cash advance was not my only one; I have used several rounds of financing from Mantis Funding to expand in the global market. During the first year, my digital marketing investments started showing results, and I was always getting messages from international customers (from as far away as Japan) asking about my designs. Additional funding gave me the confidence to set up a larger production unit and take on the challenge of expansion.
Global supply and distribution chain
As a small company, you don't have to think much about packaging or transportation, but as you grow bigger, these logistical issues and tiny bits of cost savings become more crucial. With access to funds, I could invest in setting up new vendors and supply partners outside the US. I showcased in Brazil, France, and Germany. My expensive marketing trips wouldn't have been possible without help from Mantis.
It is absolutely amazing what easy access to capital can do! I had never even imagined that my little business could go international, but once the ball started rolling, it just seemed so natural. I could only have dared to dream this BIG with capital from Mantis Funding, backing my efforts!
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