| ✅ Key Point | 📋 Details |
|---|---|
| 🏦 Lender Type | Mantis Funding LLC is an alternative business funding company based in Boca Raton, Florida. |
| 💰 Funding Product | Offers revenue-based financing (RBF) ranging from $5,000 to $500,000 for small businesses. |
| ⏱️ Funding Speed | The approval process can take as little as 1–3 business days, with funding possible within one business day after signing. |
| 📉 Credit Requirements | Minimal credit score check; poor credit is acceptable if business revenue is substantial. |
| 💸 Repayment Terms | Payments are made on a daily or weekly basis and adjusted according to business revenue. |
| ⚠️ Potential Drawbacks | High fees, daily payments, and potential legal issues make repayment management essential. |
| 🌐 Availability | Available to small business owners nationwide, with a focus on New York, Florida, Texas, and California. |
| ⭐ UCS Rating | 3.2 out of 5 — Fast funding and flexible options, but high costs and limited transparency. |
Alternative business lending options, such as Mantis Funding, aim to provide revenue-based financing solutions for small businesses that require quick funding and can’t qualify for traditional bank loans. These funders offer speed and convenience, helping business owners cover cash flow gaps or invest in growth opportunities when timing is critical.
However, fast business funding often comes at a higher cost, and repayment terms can be more stringent than those of traditional options. That’s why it’s crucial to carefully evaluate any business funding company before making a decision.
In this review, we’ll explore what you must know about Mantis Funding to decide if it’s right for your business needs. Specifically, we’ll answer these questions and more:
Mantis Funding LLC is a small business financing company based in Boca Raton, Florida. The company was founded to offer alternative funding solutions to small business owners who might not meet traditional bank criteria but still have strong, consistent sales.
According to its website, Mantis Funding aims to provide customized alternative funding solutions for small businesses. The company focuses on working capital options designed to match each business’s unique cash flow financing needs.
Through its streamlined process, Mantis Funding provides businesses with rapid access to capital, eliminating the lengthy underwriting and collateral requirements typically associated with banks and credit unions. Funding from Mantis Funding is often quicker than traditional bank loans, with potential funding available within one business day after the agreement is finalized. It aims to help small businesses skip the lengthy process at conventional lenders.
Its mission centers on empowering small business owners to grow and sustain their operations with flexible, revenue-based options rather than one-size-fits-all loans.
Mantis Funding operates as an alternative business funding company offering revenue-based financing (RBF) products. These products provide working capital to small business owners in exchange for a percentage of their future revenues rather than a fixed business loan interest rate or traditional loan repayment structure.
The process begins when a business owner completes a short online application and submits recent bank statements or sales reports. The underwriting team reviews the company’s revenue history to determine eligibility and advance size. Once approved, funding can arrive in as little as one business day.
Mantis Funding offers revenue-based financing ranging from $5,000 to $500,000. This product provides capital upfront in exchange for an agreed-upon portion of the business’s future receivables. Revenue-based funding is based on a company’s revenue and functions as a form of business cash advance.
Unlike a loan with set monthly payments, the repayment amount fluctuates based on your company’s sales volume. Payments in revenue-based financing are made on a daily or weekly basis.
This structure offers flexibility for businesses with variable income, such as retail stores, restaurants, or service providers. The approval process for financing at Mantis Funding can take as little as one to three business days, making it an appealing option for small business owners who need fast access to working capital.
Mantis Funding has easy eligibility criteria for small businesses. According to the company, to qualify for revenue-based financing, applicants generally need to meet the following conditions:
Because Mantis Funding evaluates the business’s performance rather than the owner’s personal credit score, it may be a good fit for business owners who’ve been turned down by banks but have consistent daily or weekly revenue.
When applying for or accepting funding, several key considerations are essential for small business owners to take into account. Mantis Funding typically performs a soft credit pull during prequalification, which does not impact your credit score.
However, a hard credit inquiry may occur during the final approval process, which can temporarily lower your credit score by a few points. While the company does check credit, its funding model focuses more on business performance than credit scores alone.
Additionally, Mantis Funding does not report repayment activity to business credit bureaus, so on-time payments won’t help build your credit profile. However, if a business defaults and the account is sent to collections, this could be reported and negatively affect your credit score. Business owners should carefully evaluate their ability to repay before committing to revenue-based financing.
Mantis Funding collaborates with a diverse range of industries, including retail, construction, restaurants, transportation, healthcare, and professional services, enabling businesses to utilize funds for working capital, inventory, equipment, marketing, payroll, or other operational expenses.
While Mantis Funding is available nationwide, its website highlights special service areas in New York, Florida, Texas, and California, which appear to be target markets. The website dedicates an FAQ section to starting a business in Texas. You can access funds quickly to help your business grow.
However, revenue-based financing can be costly. Mantis Funding may present higher costs compared to traditional bank loans, as it serves clients with poor credit. High-interest cash advance offers from Mantis Funding have included substantial fees, making repayments for small businesses more complicated and burdensome.
Some businesses experience worsened financial situations due to high costs and mandatory daily payments related to financing agreements from Mantis Funding. You’ll typically pay more than you would with a traditional business loan. Read any funding agreement carefully before choosing a funding program.
Mantis Funding offers a business funding affiliate program. ISOs and business loan brokers can register on the company’s website.
Like many revenue-based funders, Mantis Funding has been mentioned in specific legal contexts. Legal challenges have arisen regarding the terms of merchant cash advances from Mantis Funding, potentially violating state policies.
Customers who fall behind on payments may face lawsuits from Mantis Funding, which can result in the seizure of assets and the freezing of bank accounts. Confessions of judgment included in some financing agreements can have significant legal implications for businesses in the event of a default.
Enforcing personal guarantees may lead to disputes for businesses with Mantis Funding, as indicated by legal firms advertising assistance. Law firms advertise their services to help clients who have defaulted on their agreements with Mantis Funding, indicating a history of legal disputes. There is an indication of internal issues at Mantis Funding, as evidenced by a lawsuit filed against the company regarding unpaid overtime.
Mantis Funding’s application process is straightforward and designed to be hassle-free. Most online lenders offer quick and easy applications for small business loans.
The process takes only a few steps:
Visit the Mantis Funding website and complete the short application form with your basic business details, the requested funding amount, and your contact information. Simply fill in the required information to start the process.
You’ll need to upload a few recent bank statements or sales records so the company can evaluate your revenue and cash flow.
Once your information is reviewed, a Mantis Funding representative will contact you to discuss available options, repayment terms, and the total cost of capital.
If you decide to proceed, sign the contract electronically.
Funds are typically deposited directly into your business bank account within one business day after approval is received.
After funding, daily or weekly payments are automatically withdrawn from your business bank account until the agreed-upon portion of receivables has been repaid. The estimated repayment period typically lasts between three and six months, depending on the sales volume and repayment frequency.
The Mantis Funding website doesn’t provide clear information on prepayment penalties or early payoff discounts. However, many revenue-based financing solutions do not charge prepayment penalties since the full funding fee is applied upfront.
Mantis Funding states that renewals may be available once approximately 65% of the original advance has been repaid. However, business owners should confirm renewal eligibility directly with their account representative. Payments for revenue-based financing are structured based on the business’s actual revenue.
Mantis Funding offers small businesses a fast and straightforward way to access capital when traditional lenders are not an option. The streamlined online process, flexible eligibility requirements, and quick approval timeline make it appealing for business owners who need funds immediately.
The company’s emphasis on revenue-based financing also means that repayment adjusts with the business’s performance, offering some flexibility during slower sales periods. Some customers also report positive experiences with Mantis Funding representatives, noting a helpful and responsive team.
The biggest drawback of Mantis Funding is cost. Because revenue-based financing carries higher fees than traditional loans, the total repayment amount can be substantial. Daily or weekly withdrawals can also strain cash flow for smaller businesses.
Additionally, limited transparency regarding fees, lack of credit-building benefits, and mixed online reviews raise concerns for some potential clients. Business owners should fully understand the terms and total repayment obligations before signing.
Pros:
Cons:
Yes, Mantis Funding is a legitimate business funding company. It is registered as Mantis Funding LLC and maintains a physical office in Boca Raton, FL. The company maintains a profile with the Better Business Bureau (BBB), and customer reviews are available on various platforms, including Trustpilot, Google, and Tumblr.
However, like many revenue-based financing providers, Mantis Funding has received both positive and negative reviews online. The legitimacy of the business is not in question, but potential clients should carefully review all contract terms and costs before agreeing.
Revenue-based financing and merchant cash advances (MCAs) are similar, but not identical. Both provide upfront working capital in exchange for a percentage of future revenue. However, RBFs are typically structured around total monthly revenue, while MCAs are based on credit and debit card sales.
RBFs may also have slightly more flexible terms and clearer repayment expectations. That said, some online reviews suggest that Mantis Funding offers a merchant cash advance as one of its revenue-based financing products. Businesses with a steady revenue stream are ideal candidates for revenue-based financing.
Customer feedback on Mantis Funding is mixed, with some praising fast funding and supportive staff, while others report poor service and issues with financing costs and terms.
Positive reviews frequently highlight quick funding, easy communication, and helpful representatives who worked closely with clients to tailor repayment schedules. Some customers found the staff to be kind, empathetic, and useful in resolving issues or adjusting payment plans during business slowdowns.
Negative reviews, however, focus on the high cost of financing, daily payment pressure, and communication problems after funding. Multiple reviews include complaints about costs. Some reviews describe the service as “horrible service” and difficulties in resolving issues with Mantis Funding.
Mantis Funding may decline an application for various reasons, including poor credit, inconsistent revenue, or time in business. If declined, the denial should explain the decision. Contact Mantis Funding for more information.
Fortunately, small business owners have a variety of lending options to secure funding for their businesses. Many lenders offer business loans in addition to revenue-based financing. Working with a small business marketplace (like UCS) allows you to apply to multiple lenders with a single application. A funding expert can then help you select the best deal for your business.
You may be interested in one of the following small business loans:
Mantis Funding can be a valuable option for small business owners who need quick working capital and can manage daily or weekly payments based on revenue. It’s especially suitable for businesses with steady sales, such as those in the retail, service, or restaurant industries, as well as those with poor credit scores but strong financial performance.
However, business owners should carefully weigh the costs and repayment structure. Companies with thin margins or unpredictable revenue streams may struggle to sustain daily payments over time.
Based on the available information, we rate Mantis Funding 3.2 out of 5. It’s a viable option for small businesses in a pinch, but concerns include limited options, low borrowing amounts, and high costs.
Disclaimer: The Mantis Funding trademark is owned by Mantis Funding LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from Mantis Funding LLC.
