What Happened To Total Merchant Resources After Shark Tank?

The Shark Tank debut of Jason Reddish and Val Pinkhasov took place on October 25, 2013, with a pitch about Total Merchant Resources.

They process credit and debit cards through merchant accounts, establishing merchant accounts.

In addition to offering additional services, they can also provide other services that may appeal to many entrepreneurs regardless of appearing on Shark Tank.

Total Merchant Resources is a factoring company for credit card receivables.

The company buys future credit card receivables at a discount from a company and pays the company in cash at the end of the deal.

Companies can obtain working capital this way without getting a bank loan to expand or purchase inventory.

The method is very common, and businesses with many credit card transactions can easily obtain large sums of money.

What Are Total Merchant Resources?

Total Merchant Resources provides alternative finance solutions to help businesses obtain the funds they require promptly and effectively.

TMR handles credit card processing on behalf of the company and receives a percentage of sales until the loan is repaid.

Total Merchant Resources Shark Tank Update

Credit card processing and fund lending are the two main services of Total Merchant Services. 

Company NameTotal Merchant Resources
EntrepreneurVal Pinkhasov and Jason Reddish
ProductProvides small business loans to companies seeking to expand.
Investment Asking For$200,000 For 20% equity in Total Merchant Resources
Final Deal$200,000 For 20% equity in Total Merchant Resources
SharkKevin O’Leary
Episode Season 5 Episode 6
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Total Merchant Resources?

Jason Reddish and Val Pinkhasov founded total Merchant Resources, both veterans of the mortgage sector, to provide working capital for small businesses for repairs, payroll needs, expansion, inventory, and other needs.

These cash advances are secured against future credit and debit cards sales, which they purchase from the merchant at a discount.

Total Merchant Resources Before Shark Tank

The unexpected can cause great damage to a small firm, and banks are often reluctant to cooperate with small businesses because they are uncertain about recouping their investment.

Total Merchant Resources specializes in maximizing business owners’ cash flow in New Jersey.

Total Merchant Resources operates similarly to the Sharks in Shark Tank but on a much smaller scale. 

How Was The Shark Tank Pitch Of Total Merchant Resources?

They describe themselves as “mini sharks.” Val and Jason enter Shark Tank demanding an investment of $200K for 20% of Total Merchant Resources.

They describe how they give alternate finance solutions to small enterprises.

Kevin explains how they recover their debt through credit card processing in a hypothetical loan scenario.

Their use of these loans allows them to take over the credit card processing of firms.

They obtain 74 percent of their clients’ processing business due to their loan efforts.

Jason and Val state that they have prior experience in the mortgage market.

Their goal is to get residual income by establishing relationships with larger processing accounts.

Lori is unsure and thus exits. Robert asserts that this is not a market for him, and hence he withdraws.

Mark believes the industry will be controlled; he recognizes the business’s importance, but he does not wish to be the business’s deep pocket — he is out. Daymond also ventures out.

Kevin is willing to work with Total Merchant Resources, but in exchange for $200K, he wants a 50% stake in the company.

Mr. Wonderful assures them that he will take them to places they can never imagine. Wonderful offers his capital and contacts to help them.

O’Leary asserts that he can conduct business without them. Jason and Val enter the hallway, where Robert states that any Shark Tank enterprise may benefit from his services.

They return and respond with $250K for a 25% stake. Kevin asserts that his name will exponentially boost their business.

He requests a yes or no response. The lads consider flipping a coin to decide on the deal but ultimately accept Kevin’s offer.

What Happened To Total Merchant Resources After Shark Tank?

Total Merchant Resources remains open to this day, even though I couldn’t find any precise information about it.

The company is open Monday through Friday from 9 a.m. to 6 p.m. and is based in New Jersey.

What Happened To DrumpantsAfter Shark Tank?

Total Merchant Resources is doing well, and in doing so, doing a great deal of good for small business owners and the community. 

I was unable to find out how many firms they have helped or how many calls they receive every day, but with Kevin O’Leary’s backing, I doubt that the company is doing well and doing good for small businesses.

Total Merchant Resources Shark Tank Update

Val and Jason’s business has flourished since working with Kevin O’Leary.

Their video appears on the Total Merchant Resources website, which showcases how the industry has grown and become more widely known.

Total Merchant Resources has seen its business grow by 500 percent since being featured on Shark Tank.

Total Merchant Resources Shark Tank Update

They expanded the loan program to include ACH payments and Point of Sale systems for small businesses so that their business grew beyond credit card receivables.

Kevin O’Leary’s strategic partnership expanded the partners’ business opportunities, and Total Merchant Resources has become a multinational company that serves entrepreneurs worldwide.

What Happened To Fort Magic After Shark Tank?

Total Merchant Resources generates annual revenue of $5 million as of February 2022.

Are Total Merchant Resources Still In Business?

Total Merchant Resources has grown to become a global corporation supporting businesses across the globe since appearing on Shark Tank and receiving funding from Kevin O’Leary. 

The company also provides Point of Sale systems to retailers.

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