Over the last few years, Ali Mayar has turned into one of the most trusted names in the merchant funding industry. As the CEO of Platinum Rapid Funding Group, he has been able to help several businesses reach their goals.
With so much insight on the industry, we were very excited to get a chance to talk to him. Here is what the man has to say about the industry, and what to expect in the near future.
Getting money for a business can be difficult. How have you made the process better for so many people?
Most people think of going to a bank as the only way to get the money needed to find a business. There are actually several ways to get the necessary funds to kickstart the growth of the business.
Is there a limit on the amount of money a business can get from your company?
Right now, the most we really do is between $1 million and $2 million. These are very extreme circumstances, as most people are looking for much less. Some businesses only need a few thousand dollars to meet the needs they currently have. We try to tailor everything for the customers to make their life easy.
What’s one thing you are very proud of with your business?
I believe we offer a level of support that can’t be found many other places. Even banks are hard to match our level of customer support. We customize everything for the clients, and we provide support through the entire repayment process as well. It’s important to us to keep our clients happy, and we do what we can to go above and beyond expectations.
What’s one thing you are hoping to improve with your business?
I think bringing overall awareness to this alternative funding option is something to work on. Not that many people know about all the benefits of using a merchant funding. If used correctly, it can really turn a business around and allow it to grow in the way it should. We have countless numbers of positive reviews from past clients to vouch for that.
A lot of it is just working on the misconceptions out there. Informing potential customers will open up doors in the future for most of them.
What’s one piece of advice you would give any business owner considering a merchant funding?
Always do your research beforehand. We try to tell every client we work with that getting a loan, an advance or any other type of money that needs to be repaid is a calculated risk. As long as enough research is done beforehand to figure out exactly how much money is needed, the risk is often worth the reward.