For Entertainment Businesses
Make your entertainment business dreams a reality by working with Mantis Funding, one of the leading revenue-based financing providers. Our team at Mantis Funding will work with you to create a custom-made plan for your success.
What You Need To Know About Financing Your Entertainment Business
Financing for your entertainment business is crucial for securing talent, paying employees, fixing repairs, and creating the perfect ambiance that caters to your clientele. The bar and nightclub market is a billion-dollar industry with thriving businesses everywhere from small cities to large metropolitan areas. Discover how financing your entertainment business can help set your business apart from the competition.
Popular Sources for Funding an Entertainment Business
When it comes to securing funding for your entertainment business, there are a few popular options outlined below.
Revenue-Based Financing: While securing business financing from a bank can take months on end, revenue-based financing can take days and might be a better option to get the funds you need for your business fast. If your company has strong revenue, then this option might be worth pursuing. Plus, you can put the revenue-based financing toward any aspect of your business.
Family and Friends: It may be worth approaching your family and friends for their financial support. Just make sure you can work out the details with a legally binding agreement like a promissory note.
Business Credit Card: Opening up a business credit card can be one way to pay for short-term fixes. Credit cards typically have shorter repayment periods and late fees, which is important to keep in mind. If you don’t have a big enough line of credit to draw on, then this option may not be feasible for long-term solutions.
What Types of Entertainment Businesses Do We Finance?
At Mantis Funding, we finance a wide variety of entertainment businesses. This is not an exhaustive list, so please feel free to reach out to our representatives with any questions so we can quickly decide and see if you qualify for funding.
- Comedy Clubs
Frequently Asked Questions About Entertainment Financing
Finding funding to expand your entertainment business might seem like an overwhelming task. Mantis Funding is here to answer all your questions and provide you with hand-tailored revenue-based financing options.
Revenue-based financing is the purchase and sale of a business’s future revenue and offers more flexibility than traditional lenders. Funding can be put toward any area of your entertainment business like utility costs or paying for licenses and permits. Cash is provided to you upfront so you can cover any startup costs and get back to focusing on your customers and improving their experience.
At Mantis Funding, we make it easy to apply. 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.
At Mantis Funding, we offer revenue-based financing up to $5,000 – $500,000. The amount of financing you qualify for will be based on a few factors like your ability to provide proof of monthly revenue.
Mantis Funding understands the challenges that are unique to those in the entertainment industry. Late rent payments or broken kitchen equipment can set your business in a downward spiral. Traditional lenders typically have a long list of eligibility requirements and slow processing times. At Mantis Funding, we provide funding to your bank account within one business day once your financing agreement is signed. We also provide flexible repayment structures that suit your company’s business model — not the other way around. Partnering with Mantis Funding can help set your company up for success.
Curious how your entertainment funds can be put to good use? With Mantis Funding, revenue-based funding can be put toward:
- Remodels that cater to your clientele
- New audio equipment
- Payroll expenses
- Rent and other utility costs
- Inventory (including alcohol and food)
- Marketing outreach
Other Industries We Service
We service a wide variety of industries, including the construction, automotive, and medical sectors. Industries range from logistics and trucking businesses to retail 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.
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.