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.
Credit card processing and fund lending are the two main services of Total Merchant Services.
|Company Name||Total Merchant Resources|
|Entrepreneur||Val Pinkhasov and Jason Reddish|
|Product||Provides 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|
|Episode||Season 5 Episode 6|
|Business Status||In Business|
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.
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?
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.
Lori is unsure and thus exits. Robert asserts that this is not a market for him, and hence 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.
Jason and Val accepted Kevin’s offer and walked away from Shark Tank with a deal from Kevin.
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?
Total Merchant Resources remains open to this day, 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 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
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 as of 2022.
Are Total Merchant Resources Still In Business?
Yes, Total Merchant Resources is still in business and generates $5 million in annual revenue as 2022.
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 $5 million as of 2022.