Merchant Cash Advance Company Review

Company Profile

Mulligan Funding is a private, family-owned business that provides various lending programs to meet the needs of small and medium-sized businesses. The company was established in 2008 and has since been dedicated to offering high-quality financial solutions. Mulligan Funding takes pride in its core values of transparency, proactive service, and integrity. They believe in treating their clients with respect and dignity, and they strive to provide personalized service to each client.

The company's mission is to help businesses grow by providing them with the necessary capital. They understand that every business is unique, and therefore, they offer a variety of funding options to meet the specific needs of each business. Mulligan Funding has a team of experienced professionals who work closely with clients to understand their needs and provide the best possible solutions.

Products & Services

Mulligan Funding offers a variety of financial products and services designed to help businesses grow and succeed. Their main product is the Working Capital Loan, which is designed to provide businesses with the capital they need to cover various operating expenses such as taxes, payroll, vendors, and other overhead for day-to-day operations.

In addition to working capital loans, Mulligan Funding also offers business term loans and merchant cash advances. These products are designed to provide businesses with the flexibility they need to manage their cash flow, invest in growth opportunities, and navigate through any financial challenges they may be facing.

Pros:
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1. Fast and simple financing options.
2. No collateral required for their loans.
3. They offer a variety of lending programs to meet different business needs.
4. They have a fast approval process, with approvals happening within hours.
5. They have small manageable daily or weekly payments.
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Cons:
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1. Their loans are only available to businesses with a minimum revenue of $120k over the past 12 months.
2. They do not disclose the interest rates for their loans on their website.
3. They do not offer long-term loans; their loan terms range from 3 to 24 months.
4. They do not have a physical presence; their services are only available online.
5. They do not offer personal loans; their services are only available to businesses.

Ideal Customer

The ideal customer for Mulligan Funding is a small to medium-sized business owner who needs fast access to capital to cover operating expenses or invest in growth opportunities. This could be a business that is experiencing slow invoice payments from customers or a business that has the opportunity to grow but lacks the necessary capital. The business should have a minimum revenue of $120k over the past 12 months.

Required Documentation

To apply for a loan with Mulligan Funding, businesses need to complete a seamless online application. While the specific documentation required is not listed on their website, typically, lenders would require financial statements, bank statements, and proof of revenue. It's also important to note that Mulligan Funding does not require collateral for their loans.

Industries and Restrictions

Mulligan Funding works with businesses across a wide range of industries. They understand that each industry has unique needs and challenges, and they strive to provide financial solutions that meet these specific needs. However, the company does not explicitly state if there are any industry restrictions on their website.

State of Operations

Mulligan Funding operates across the United States. They strive to provide businesses across the country with access to the capital they need to grow and succeed. However, the company does not explicitly state if there are any state restrictions on their website.

Basic Qualifications

To qualify for a loan with Mulligan Funding, businesses must have a minimum revenue of $120k over the past 12 months. They also accept applications from businesses with imperfect or damaged credit. There is no collateral required, and the approval process is fast, with approvals happening within hours.

Collateral or Guarantees

Mulligan Funding does not require collateral for their loans. This makes their loans more accessible to businesses that may not have assets to put up as collateral. However, it's important to note that while they do not require collateral, failing to repay the loan could still have serious financial consequences.

Alternatives

While Mulligan Funding offers a variety of financial solutions, there are other alternatives available for businesses seeking funding. These could include traditional bank loans, SBA loans, or other alternative lenders. Businesses could also consider equity financing or crowdfunding as alternative options. It's important for businesses to consider all their options and choose the one that best fits their needs and circumstances.