At a Glance
Rating Breakdown
Performance Overview
Scores out of 5, based on our editorial analysis
About Mantis Funding
Mantis Funding is a direct funder built entirely around the revenue-based repayment model, where your daily payment is a fixed percentage of actual bank deposits rather than a fixed dollar amount. This distinction from standard MCA repayment is critically important: with a traditional MCA, you owe $500/day regardless of whether your business deposited $5,000 or $500 that day. With Mantis's revenue-based model at a 15% holdback, a $5,000 deposit day means a $750 payment, while a $500 slow day means only a $75 payment. This structure dramatically reduces the risk of the cash-flow squeeze that causes MCA defaults — the single biggest reason businesses get into trouble with fixed-payment MCAs. The revenue-based model introduces a trade-off that borrowers must understand: the total repayment amount is fixed (determined by the factor rate), but the timeline is variable. If your business performs above expectations, you repay faster. If business slows, repayment stretches out. A $100,000 advance at a 1.28 factor rate means you owe $128,000 regardless of whether it takes 6 months or 14 months to repay. The cost of capital is the same either way. What changes is the daily burden on your cash flow. For seasonal businesses — tourism, landscaping, retail, events, outdoor dining — this variability is a feature, not a bug. Your heaviest payments occur when revenue is highest, and your lightest payments occur when cash is tightest. Mantis Funding is the right choice for businesses with variable or seasonal cash flow that need $5K-$400K and want repayment to automatically adjust to actual performance. If your revenue is stable and predictable, a fixed-payment MCA from OnDeck or Fora Financial will typically offer a lower factor rate because fixed payments are easier for the funder to model and collect. Mantis charges a modest premium for the flexibility (factor rates of 1.15-1.45 versus 1.10-1.40 at fixed-payment competitors), but that premium buys insurance against the cash-flow crises that cause defaults.
Key Features
True Revenue-Based Repayment
Mantis calculates your daily payment as a fixed percentage (10-20%) of actual bank deposits, not a fixed dollar amount. On a \$5,000 deposit day at a 15% holdback, you pay \$750. On a \$1,200 slow day, you pay \$180. This is entirely different from standard MCA daily ACH debits of, say, \$500/day regardless of revenue. The revenue-based structure means your payment automatically shrinks during slow periods, reducing the risk of the cash-flow death spiral that causes most MCA defaults.
Quick Funding Process
Mantis processes most applications within 24 hours using a hybrid of algorithmic bank statement analysis and human underwriting review. Applications submitted before noon ET with complete documentation typically receive an offer by end of business the same day. Funding after contract signing is next-business-day for most deals. The 24-hour timeline is competitive with fixed-payment MCA providers, which is notable because revenue-based deals require more complex structuring than standard daily-ACH MCAs.
Flexible Advance Amounts
Mantis funds from \$5,000 to \$400,000, typically advancing 0.75x to 1.5x of monthly deposit volume. A business doing \$30K/month in deposits might qualify for \$22K-\$45K on a first advance. The wide range (\$5K-\$400K) makes Mantis one of the few providers that serves both micro-businesses needing a quick \$5K cash injection and established operations needing \$300K+ for expansion. Renewal amounts increase 15-25% with clean repayment history.
Minimal Documentation
Mantis requires a one-page application and 3 months of business bank statements — nothing else for advances under \$100K. No tax returns, no P&L statements, no business plans, no financial projections. For advances above \$100K, they may request a voided check and copy of business license. This minimal documentation requirement is standard for MCA but notable because revenue-based underwriting actually requires more data analysis (deposit variability patterns) than fixed-payment MCA underwriting.
Industry Flexibility
Mantis funds 700+ industries including many that traditional lenders and even some MCA providers flag as high-risk: restaurants, trucking, construction, auto repair, medical practices, beauty salons, and seasonal tourism businesses. Their revenue-based model is inherently better suited to high-variability industries because the payment adjusts to actual performance. A beach resort that does \$80K/month in summer and \$15K/month in winter pays proportionally — something a fixed-payment MCA cannot accommodate.
How It Works
Quick Application
Complete a brief online application with your business details, monthly revenue, and desired funding amount.
Bank Statement Review
Upload 3 months of business bank statements for underwriting analysis of your deposits and cash flow patterns.
Receive Your Offer
A funding specialist presents your offer with advance amount, factor rate, and estimated repayment timeline.
Get Funded
E-sign the agreement and receive funds deposited to your business account, typically within 24-48 hours.
What They Do
- Merchant Cash Advance
- Revenue-Based Financing
- Short-Term Business Loans
- Working Capital
- Equipment Financing
Debt Types They Take On
- Merchant Cash Advance
- Revenue-Based Financing
- Short-Term Loan
- Working Capital
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Boat Tour Operator — $150K Revenue-Based Repayment
A boat tour company in Key West doing \$80K/month in peak winter season and \$25K/month in summer needed \$150,000 for vessel maintenance and pre-season marketing. A fixed-payment MCA of \$750/day would consume 90% of daily deposits during summer — making default almost certain.
Restaurant Renovation — $85K During Construction
A family restaurant in Boca Raton doing \$48K/month needed \$85,000 for kitchen renovation and dining room expansion. The 6-week construction would cut revenue to \$19K/month (counter service only). A fixed-payment MCA of \$500/day would consume 75% of reduced deposits.
Pros & Cons
Pros
- True revenue-based repayment automatically adjusts to actual business performance — dramatically reducing default risk for seasonal or variable-revenue businesses
- Serves 700+ industries including high-risk sectors (restaurants, trucking, construction, seasonal tourism) that many fixed-payment MCA providers decline
- Fast funding in 24-48 hours with minimal documentation — one-page application and 3 months of bank statements, no tax returns required
- The holdback percentage (10-20%) is fixed at funding, providing predictability in what share of each dollar goes to repayment
- Renewal program with improved factor rates for clean repayment history incentivizes responsible use
Cons
- Factor rates carry a 3-8 basis point premium over fixed-payment MCAs for comparable profiles — the flexibility has a price
- Variable repayment timeline means you cannot predict exactly when the advance will be fully repaid — it could range from 6 to 14+ months depending on revenue
- Personal guarantee and UCC-1 blanket lien required on all advances — standard for the industry but limits ability to obtain other financing concurrently
- Revenue-based model works poorly for businesses with lumpy deposits (few large checks rather than daily small deposits) because holdback calculations can be skewed by timing
User Reviews (21)
not worth it
After funding good luck getting anyone on the phone. Got voicemail for 3 days. $12K for my hardware store. Wish I went somewhere else.
exactly as advertised
Good experience. Would use again.
would consider again
quick and painless
got me out of a jam
My bank turned me down twice. Mantis Funding approved me same day for $35K. Not cheap but it saved my smoke shop.
lifesaver
Fast. Easy. Done. $5K in my account.
gets the job done
Applied to Mantis Funding and another company. Mantis Funding was faster. Got $250K for freezer replacement. Would use again but gonna negotiate harder next time.
not worth it
Mantis Funding makes it sound easy but paying back $45K at 1.30 is not painless. My auto body shop can barely keep up.
ok overall
Worked out fine. $12K at 1.25. Nothing special but nothing bad either.
got me out of a jam
Been using Mantis Funding for about a year now. Rate keeps going down. This last one was $15K at 1.30.
legit company
Way better than the last MCA company I used. Mantis Funding actually picks up the phone. Got $25K and the rate was 1.30.
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Frequently Asked Questions
Related Companies
Important Merchant Cash Advance Disclaimers
- Merchant cash advances are not loans. They are purchases of future receivables at a discount. Factor rates, not APRs, determine the total cost of capital. Effective APRs on merchant cash advances can range from 40% to over 350% depending on the factor rate and repayment speed.
- Repayment is typically made through daily or weekly automatic ACH debits from your business bank account. Missing or reversing these payments may trigger default provisions including accelerated repayment, increased factor rates, or legal action.
- Many MCA agreements include a personal guarantee and/or a confession of judgment (COJ). A confession of judgment allows the funder to obtain a court judgment against you without prior notice or a hearing. Some states have restricted or banned confessions of judgment.
- MCA funding may require a UCC-1 filing (blanket lien) on your business assets. This lien can affect your ability to obtain other financing and may remain on file even after the advance is repaid. Confirm lien release procedures before signing.
- There is no federal regulation specifically governing merchant cash advances. MCAs are not subject to Truth in Lending Act (TILA) disclosure requirements. Some states have enacted disclosure laws, but protections vary significantly by jurisdiction.
- Stacking multiple merchant cash advances simultaneously increases your risk of default and can create a debt cycle that is difficult to escape. Carefully evaluate your business cash flow before taking on additional advances.
- Zogby does not provide merchant cash advances or business funding. We are an independent comparison service. We do not broker, originate, or service any financial products. All offers are subject to the funder's terms and conditions.
This page is informational, not financial or legal advice. Talk to a qualified professional before making any big money decisions.
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We make money from some companies on this page. That doesn't change our rankings -- the editorial team scores every product independently, and the business side has no say in what we recommend.