Ali Mayar’s career path may have started in corporate security, but destiny soon led him to the alternative financing industry. Mayar has an unrivaled passion to help small businesses succeed, and he saw merchant cash advances (MCAs) as a great way to help them achieve the growth they seek.
Mayar founded Platinum Rapid Funding Group, an alternative lending company based in Long Island, New York. Since 2012, his team has helped countless businesses turn their visions into a reality, establishing Mayar as an influential thought-leader among his peers. We recently had the chance to sit down with Mayar and discuss the intricacies of his industry:
Tell Us About Platinum Rapid Funding Group
Platinum Rapid Funding Group is an alternative lender that helps entrepreneurs leverage tomorrow’s revenues to grow their operations today. We generally do this through merchant cash advances, or purchasing a small percentage of a client’s future receivables for a lump sum of money.
We offer many advantages over a traditional bank. For example, our application process is faster and more transparent.
If you’re in a financial situation to pay back your loan, we don’t care about your credit score. We also tie your daily payments to your revenues. This ensures that you don’t struggle to manage your cash flow when you choose us.
What’s One Trend You’re Seeing In The Industry That’s Been On Your Radar?
I’m not seeing it just yet, but I firmly believe that cryptocurrencies such as Bitcoin are the future of my industry. I even made mention of it during another interview I had. That’s how serious I am about it.
As more business is conducted online, physical dollar bills are destined to become obsolete in favor of a money system that lives online.
That said, crypto still has a little ways to go before it becomes an industry standard. Right now, there are many tokens that aren’t accepted as payment often enough to really resonate with the public. Once that starts to change, I predict a general shift toward crypto.
Where Do You Pull Inspiration From? Any Podcasts, Books, People You’ve Come Across?
While there are plenty of inspirational quotes out there, I have to say my clients are what compel me to go to work every day. I know it might sound cliche, but when you see a truly enthusiastic entrepreneur-or even future entrepreneur-you can’t help but catch the bug yourself!
In fact, I sometimes call past clients just to see how they’re doing. Every success story is another notch on our belt and reaffirms that what we are doing is truly making a difference for small business owners. That feeling is ultimately why I do what I do.
What Excites You About The Future Of The Company?
I hope to expand our operations in the near future so that we can help more companies across the country. In so doing, I fully anticipate encountering a variety of talented individuals. My hope is that I can provide everything I know to them to help them find success.
How Can People Utilize Platinum Rapid Funding Group For Their Financial Needs?
That’s a great question! The easiest way to apply is to first visit our website. Fill out the contact form provided, and one of our financing experts will contact you as soon as they can.
We process cash advances ranging from $5,000 to $5,000,000 for a variety of industries, so there’s an excellent chance that we can help you! Because we provide MCAs and other ways to help our clients finance their dreams, entrepreneurs who work with us can reach their goals more easily than most.
What Or Who Inspires You The Most Within Or Outside Of Your Industry?
Oh, well I guess I sort of answered that questions earlier, huh? Since I’m guessing I can’t give the same response, I’ll add that the entire Platinum Rapid Funding team inspires me on a daily basis. I couldn’t do what I do without their constant support.
Incidentally, that’s also something I stress to the entrepreneurs we work with. An entrepreneur with a great idea but an unmotivated team is doomed to fail, while a great team will succeed with even a mediocre idea.
All too often, entrepreneurs get that backwards. I’m just happy to provide them with some clarity when I can.