Total Merchant Resources Shark Tank Net Worth

Total Merchant Resources (TMR) is a company that appeared on the American television show Shark Tank in October 2013.

Jason Reddish and Val Pinkhasov founded TMR, which specializes in providing small businesses with quick and convenient access to working capital through alternative financing solutions such as merchant cash advances and credit card processing loans.

During their appearance on Shark Tank, the founders pitched their business model, explaining how TMR could help small businesses struggling to secure funding from traditional banks. They ultimately struck a deal with Kevin O’Leary, who agreed to invest $200,000 for a 50% equity stake in the company.

After their appearance on the show, Total Merchant Resources continued to grow and expand its services, helping small businesses across the United States access the funds they needed to grow and succeed.

What Are Total Merchant Resources?

Total Merchant Resources is a financial services company that provides small businesses with funding solutions to help them grow and thrive. The company’s services cater to small businesses’ unique needs and help them access the capital they need to succeed.

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 has diverse funding options, including working capital loans, equipment financing, and merchant cash advances. Credit card processing and fund lending are the two main services of Total Merchant Services. 

Total Merchant Resources Shark Tank Update
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
WebsiteTotal Merchant Resources 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 card sales, which they purchase from the merchant at a discount.

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 New Jersey business owners’ cash flow. 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?

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

The Shark Tank pitch of Total Merchant Resources (TMR) was quite engaging and persuasive. Founders Jason Reddish and Val Pinkhasov presented their business model effectively, emphasizing the need for alternative financing solutions for small businesses that struggle to secure traditional bank loans.

During the pitch, the founders highlighted TMR’s fast approval process and flexible repayment options, which were attractive features for small business owners. They also shared their experiences and backgrounds, demonstrating their expertise in the financial industry.

Borrowers who need merchant cash advance-type services may also require a credit card processing service, which Jason and Val can provide. When potential borrowers approach them for a cash advance, the duo also pitches their credit card processing service. Interestingly, close to three-fourths of their clients end up signing on to their processing service, resulting in additional revenue for the company.

Total Merchant Resources continues to receive a percentage of their clients’ credit card sales until the cash advance is fully paid off. Ideally, the borrower would repay the advance on time, allowing the company to retain the credit card processing contract. This means that even after the client no longer owes them money, Jason and Val will still generate revenue from the client.

During their pitch on the show, Val revealed that the company had grossed $346,000 in the previous year, with the pair taking home $220,000 in distributions. However, not all the sharks were impressed with their business model. Lori Greiner declined to invest, stating she could not get behind it.

Meanwhile, Robert Herjavec doubted whether a small business could pay off the debt within a year. He ultimately decided not to invest, citing that it was not the type of business he wanted to be involved in.

When Jason mentioned that they could potentially generate a 400% return in a year or two, Mark Cuban pointed out that the problem with their business was that the merchant cash advance industry is relatively unregulated.

Unscrupulous lenders take advantage of vulnerable businesses, and this can lead to unhappy borrowers raising red flags to the government. Eventually, the government will step in, make corrections, and add regulations to the alternative financing industry.

The Sharks showed interest in TMR’s business model, asking questions about revenue, profit margins, and the size of the potential market.

While some Sharks expressed concerns about the high-interest rates and potential risks associated with alternative lending, others saw the potential in the business and the positive impact it could have on small businesses in need of funding.

Lori is unsure and thus exits. Robert asserts this is not a market for him, so he withdraws. Kevin O’Leary offered $200,000 in exchange for 50% of Total Merchant Resources.

Val and Jason asked for some time to think about the offer made by Kevin. The duo tried to counter with 25% for $200,000. However, Kevin was adamant about his decision.

Eventually, Kevin O’Leary decided to invest in Total Merchant Resources, offering $200,000 in exchange for a 50% equity stake in the company. The founders accepted the deal, securing funding and valuable partnerships to help grow their businesses.

Final Deal: Kevin O’Leary agreed to invest $200,000 for 50% equity in Total Merchant Resources.

What Happened To Total Merchant Resources After Shark Tank?

After appearing on Shark Tank and securing a deal with Kevin O’Leary, Total Merchant Resources (TMR) experienced growth and increased visibility in the alternative financing industry.

The company expanded its services, helping small businesses across the United States access the funds needed to grow and succeed.

While specific details about the company’s performance after the show are limited, the exposure from Shark Tank helped TMR establish itself as a player in the alternative lending market.

Total Merchant Resources Shark Tank Update

Total Merchant Services continued to provide working capital solutions to small businesses, especially those with difficulties obtaining traditional bank loans.

Total Merchant Resources remains in business today, even though I couldn’t find any precise information. The company is open Monday through Friday from 9 a.m. to 6 p.m. and is based in New Jersey.

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

I could not find out how many firms they have helped or how many calls they receive daily, 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

The Shark Tank effect gave great popularity to the Total Merchant Resources business. Total Merchant Resources has seen its business grow by 500 percent since being featured on Shark Tank.

Kevin O’Leary’s strategic partnership expanded the partners’ business opportunities, and Total Merchant Resources has become a multinational company that serves entrepreneurs worldwide. Total Merchant Resources generates annual revenue of $5 million.

Total Merchant Resources has continued flourishing and is still successful. The company has an estimated net worth of $5 million, and Jason and Val have been featured in numerous interviews with business and finance media over the past few years.

Are Total Merchant Resources Still In Business?

Yes, Total Merchant Resources is still in business and generates $5 million in annual revenue.

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. 

Total Merchant Resources also provides Point of Sale systems to retailers.

What Is the Net Worth Of Total Merchant Resources?

The valuation of Total Merchant Resources was $1 million when it appeared on Shark Tank. The net worth of Total Merchant Resources is estimated to be $5 million.