Revenue-Based Funding for Convenience Store
As one of the leading revenue-based financing providers, Mantis Funding will work with you to create a custom-made plan for your success to support your convenience store dreams.
What You Need To Know About Funding Your Convenience Store
Running a convenience store is no easy walk in the park. Whether you’re planning on opening up a second location, require funding for payroll and inventory expenses, or desire to increase your digital marketing budget so that you can grow your online presence — Mantis Funding is here to help. The rise of large convenience store chains, evolving customer expectations, and razor-thin margins may lead you to revise your business plan.
While a convenience store loan may look appealing on the surface, it can often take weeks to acquire, and even then you risk being denied if your credit score is bad. There’s no need to scramble for funds through outdated lending institutions, instead, choose Mantis Funding for all of your convenience store financing needs.
Benefits of Convenience Store Financing With Mantis Funding
With fast turnaround times and a seamless application process, Mantis Funding offers a host of benefits when you choose to partner with us for revenue-based funding for your convenience store business.
Custom Made Financing Offers
We hand-tailor every offer to your business’s complexities. We know that staying dynamic is key to success.
Quick Turnaround Time
Don’t wait through a lengthy approval process. Apply through Mantis Funding and get results fast.
Hassle Free Funding
Our experienced team is equipped to help you get funding without a hitch.
Easy and Flexible Payment
We keep things simple – we accept payments via automatic debits from the business’ bank account.
Convenience Store Financing Process
Getting the capital you need is fast and straightforward with Mantis Funding. Here’s what to expect:
Apply online: Submit a simple online application in minutes. We’ll just need some basic information about your business and your financing needs.
Get approved fast: Our team reviews your application quickly. You’ll typically receive a funding decision within 1-3 business days.
Review and sign: If approved, you’ll receive a clear and concise financing agreement to review. Once you’re happy, sign electronically for a fast and secure process.
Funding in days: Once your agreement is signed, we’ll verify your bank information and schedule a quick call to confirm everything. Your funds are then deposited directly into your business bank account, often within 1 business day.
No complex paperwork, lengthy waits, or hidden fees. Just the capital you need to grow your convenience store business.
Minimum Requirements for Convenience Store Financing
To ensure a smooth and efficient application process, please have the following documentation ready to upload when applying for convenience store financing:
- Basic business information: This includes your business name, address, phone number, and Federal Tax ID number.
- Ownership information: Provide details of all business owners, including their names, Social Security numbers, and percentage of ownership.
- Financial statements: Recent bank statements (usually 3 months) and a year-end profit and loss statement are required.
- Business license: A copy of your valid business license.
Please note: While these are the minimum requirements, additional documentation may be requested depending on your specific situation and state regulations. Mantis Funding will work with you to ensure you have everything you need for a successful application.
Why do Convenience Stores choose Mantis Funding?
Mantis Funding is here to help you take your convenience store to the next level. Our financing can empower you to invest in inventory expansion, marketing initiatives, or even explore new locations. As your partner in success, not just a lender, we’re here to support you every step of the way by offering:
Fast and hassle-free funding: Our streamlined application process gets you the funds you need quickly, typically within a few business days – no lengthy applications to slow you down.
Flexible financing options: Whether you need working capital for inventory, funds for renovations, or capital to expand your business, we have unique funding solutions that fits your goals.
Focus on revenue, not credit score: Unlike traditional lenders who rely heavily on credit scores, we focus on your business’s revenue potential and overall financial health – making financing accessible even to owners with less-than-perfect credit.
Industry expertise: Our team provides valuable insights and guidance to help you make informed financial decisions for your business.
Exceptional customer service: We are here to answer your questions, address your concerns, and guide you throughout the entire financing process.
How soon can I get Convenience Store Financing?
We’ve streamlined our process to get you the capital you need – fast.
Here’s how it works:
- Simple online application: Our online application takes just minutes to complete, freeing you up to focus on what matters – running your business.
- Quick approval Decisions: Our team works diligently to review your application and creditworthiness typically within 1-3 business days.
- Funding: Once approved, funds are deposited directly into your business bank account, usually within 1 business day.
In most cases, you can have the capital you need to take your convenience store to the next level within a week or less! Contact Mantis Funding today to learn more and get started on your application.
Frequently Asked Questions About Convenience Store Financing
Finding funding to expand your convenience store business might seem like a daunting task. Mantis Funding is here to answer all your questions and provide you with hand-tailored revenue-based financing options.
Capital is one of the most important things any business needs. Without funding for your convenience store business, you may be unable to franchise, renovate, or make other necessary changes and repairs.
Mantis Funding provides revenue-based financing for $5,000 to $500,000.
At Mantis Funding, our eligibility requirements are simple:
- Your business has been operational in the U.S. for at least 6 months.
- You own at least 50% or more of the business.
- You can pass a minimal credit score check — low credit scores are ok!
If you meet these basic requirements, then we invite you to fill out an application for funding so our representatives can get started on the approval process.
Unlike typical small business loan requirements, the revenue-based financing that Mantis Funding provides is a hassle-free process with quick turnaround times. Our combination of experience, industry knowledge and great customer service make us a perfect partner for your business. We offer flexible payment structures to suit your business needs. Once the terms have been finalized and you accept the offer by signing the financing agreement, we will complete the bank verification and funding call process so that you can quickly receive the funds in your business bank account within one business day.
Revenue-based financing is an alternative form of financing that exchanges working capital for a set amount of the business’s future revenue streams. Various sectors like the retail, convenience stores, and automotive industries can all benefit from revenue-based financing when they need to grow their business in a short amount of time — all with fewer regulations than are commonly associated with traditional lenders. Companies don’t have to give up any equity either, as is typical with venture fundraising.
The amount of financing that a business qualifies for will ultimately be based on the total monthly revenue that it generates. Payment structures are either daily or weekly, and they are directly debited from the business’ bank account.
View our How it Works page to learn about the three main differences between a traditional business loan and revenue-based financing.
Other Industries We Service
We service a wide variety of industries, including the retail, construction, automotive, and medical sectors. Industries range from logistics and trucking businesses to nightclubs and restaurants. We also service other industries that are not included on this list and invite you to fill out an application for funding so our representatives can reach out to you. We understand the challenges of the market and cash requirements for business owners and will be able to walk you through every step of the way.
More Resources about Convenience Store Funding
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