Key Insights On Leadership and Management: Interview with Platinum Rapid Funding Group

Platinum Rapid Funding Group, started by Ali Mayar, is a merchant cash advance company committed to helping cash-strapped start-ups get the financial help they need. That is, they help struggling businesses get the immediate access to working capital. Through their flexible services and fast approvals, Platinum Rapid Funding Group has helped thousands of small businesses achieve their goals.

Often, the process of accessing funding can be a tedious and disappointing one for many small businesses. As such, one of the standout features of the Platinum Rapid Funding is the ease of the process. Clients consistently report positively how honest, straightforward, and fast the process is. It is no wonder the company continues to move from success to success and strength to strength. The business model they employ allows them to be a real and viable solution for businesses.

Unsurprisingly, the range of businesses serviced by Platinum Rapid Funding Group is quite varied. Amazingly, businesses in sectors such as construction, restaurant, bars and clubs, car dealerships, and small retail shops have all benefited from their funding services. Whatever the nature or industry of the business, there is a Platinum Rapid Funding Group cash solution to suit the need. We caught up with members of the Platinum Rapid Funding team to delve a little deeper in their affairs and uncover how they are able to do what they do.

How has the company grown since you’ve started Platinum Rapid Funding Group?

When we started in 2012, our aim was to help as many small and medium-sized merchants as possible (each from a variety of sectors nationwide) access the kinds of funding they need for projects to take their businesses forward.

Since our inception, we have used a combination of key resources like proprietary data, manpower, available technologies, and more, to grow our company. Because of the diligence we have exercised on our part, and the commitment to our business model, we have been able to exceed our goals and have helped countless companies over the years.

What’s your most memorable moment?

There have been many memorable standout moments over the years. Our most memorable moments always boil down to the positive feedback we get from clients who have benefited from our services as this is the focus of what we do and why we do it.

We genuinely want to help in a way that is effective and impactful and whenever we can do that, it becomes a special moment for us.

What strategies work best for running a successful company this size?

There are several strategies that can work for different companies. For us, we have found a successful balance that marries a few. Our desire to create an advantageous position in the cash advancement arena has led to us to create a business model that involves leveraging manpower, technological resources, and proprietary data and information. In addition to employing a business model, and staying true to our fundamentals, we have been able to forge key alliances that have paved the way for healthy financial growth and expansion.

Regarding leadership, what’s the best way to motivate employees?

Motivating employees and keeping them motivated is a combination of factors. For starters, ensuring that the goals of the organization are clear to all employees, at all levels, is the first place to start. From there, a culture of inclusivity and flexibility around the execution of these ideals and ideas is important.

What’s the business culture like at Platinum Rapid Funding?

We have an enthusiastic, solutions-oriented, inclusive business culture here at Platinum Rapid Funding Group that allows us to facilitate our goal of providing customized merchant cash advance solutions for our clients. At Platinum Rapid Funding, we are flexible in our approach and work together to provide each client with the assistance best suited to their needs.

What traits do you look for in employees at Platinum Rapid Funding Group?

Good question!  We ask this when coming to a final hiring decision. We want people that share the same three criteria – humble, hungry and smart! This idea was brought forth in a book by Patrick Lencioni called The Ideal Team Player.  Great read, by the way!

For starters, we like our team members to be humble. Humbleness will go a long way in helping us to sufficiently serve our clients and weed out big egos. Big egos and confident team members can be an advantage in financial markets, but they must meet the other two criteria for it to work out for us.

Secondly, we are drawn to individuals that are hungry.  Hungry employees are eager to learn and strive for greatness no matter what’s thrown their way.  When you’re hungry, you’re passionate – you need the challenge!  Hungry team members aren’t lazy and go the extra mile to get the job done. 

Finally, we look for smart people – doesn’t everyone?  Competence is important as you must be able to do the job. Employees must be knowledgeable and bring new ideas and creative strategy to the table all the while remaining humble and hungry.  We can’t work with anyone that doesn’t meet all three of these traits. 

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