Total Merchant Resources Shark Tank Update

Total Merchant Resources was pitched to the Shark Tank in episode 509 on October 25, 2013, by Jason Reddish and Val Pinkhasov.

They specialize in Merchant Processing, which means that they set up businesses for customers to use credit and debit cards.

Furthermore, they also offer other services that may interest many entrepreneurs, regardless of whether they appear on Shark Tank or not.

Total Merchant Resources is a company that specializes in the factoring of credit card receivables. 

The company purchases future receivables at a discount and then distributes the money flat.

Business owners can acquire working capital for expansions or inventory purchases without a bank loan.

It is a fairly common practice, and businesses that process a significant number of credit card transactions can quickly accumulate large sums of cash.

What Are Total Merchant Resources?

Total Merchant Resources is a company that provides working capital to small businesses for a variety of reasons, including repairs, short-term payroll needs, inventory, expansion, and other needs.

The company provides cash advances to merchants by purchasing remittances such as future credit and debit card sales at a reduced rate.

Total Merchant Resources Shark Tank Update

Total Merchant Resources offers alternative financing options to help businesses rapidly obtain the funding they need to jump-start their growth.

Total Merchant Resources processes credit cards and collects a certain percentage of sales until the loan is repaid in full.

Company NameTotal Merchant Resources
ProductLoan and Capital provider to Small Businesses
EntrepreneurJason Reddish And Val Pinkhasov
Episode Season 5 Episode 6
Investment Asking For$200,000 for 20% stake in Total Merchant Resources
Final Deal$200,000 for 50% stake in Total Merchant Resources
SharkKevin O’Leary
Business StatusIn Business

Who Is The Founder Of Total Merchant Resources?

Jason Reddish and Val Pinkhasov, mortgage industry veterans, founded Total Merchant Resources to provide working capital to small businesses for various reasons, including payroll requirements for the short term, expansion, inventory, and other purposes.

Total Merchant Services processes credit cards and collects fees from the borrower for the money lent.

Total Merchant Resources Before Shark Tank

A small firm can suffer significant losses due to unexpected incidents. Banks are reluctant to work with small enterprises because there is no guarantee to get their money back.

Total Merchant Resources is a New Jersey-based corporation that aims to assist business owners experiencing a cash flow crunch by providing extra cash.

Total Merchant Resources is a company that works on a similar scale to the Sharks from Shark Tank, yet on a much smaller scale.

How Was The Shark Tank Pitch Of Total Merchant Resources?

They call “mini sharks,” and Jason and Val appeared on the Shark Tank and demanded $200K for a 20 percent stake in Total Merchant Resources.

They describe how they help small businesses with alternate funding choices.

When Kevin asks about hypothetical loan scenarios, they explain how they will collect payments via credit card processing to repay their debt.

Credit card processing is handled by these loan companies using the money from these loans.

With their loan efforts, they can generate 74 percent of the processing business of their clients.

They describe their backgrounds in the mortgage industry as Jason and Val both work in this field. 

The Sharks are tasked with getting big-ticket processing accounts to receive residual income.

Lori is unsure; therefore, she has opted out.

Robert withdraws from the market because he claims it is not a good fit.

Mark believes that the industry will be controlled; he recognizes the importance of his company, but he does not want to be the one holding the deep pocket – so he is exiting the company.

Daymond is also on out too.

Kevin says he intends to work with Total Merchant Resources, but in exchange for $200,000, he wants to own 50 percent of the company.

‘Mr. Wonderful’ promises to take them to places they could never imagine. He can give his access to finance and his network of contacts.

The Beebo Shark Tank Update

O’Leary believes he is capable of running his own business without their help. Jason and Val enter the room, and Robert proclaims that every Shark Tank company can benefit from his services.

The company comes back and offers $250K for a 25 percent stake. Kevin believes that his name will have a geometrically increased impact on their business.

He asks for a yes or no response. Kevin’s offer is accepted despite the guys considering tossing a coin concerning the transaction.

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

What Happened To Total Merchant Resources After Shark Tank?

However, I could not find any information about Total Merchant Resources; the most important fact is that the company is still in operation today.

Although I am not aware of how many businesses Total Merchant Resources has assisted or how many phone calls they receive each day, there is no doubt Total Merchant Resources is doing well and is doing a lot of good for small businesses owners and the community.

Total Merchant Resources Shark Tank Update

Jason and Val’s business has expanded since they formed a partnership with Kevin O’Leary. They appear in a video posted on the Total Merchant Resources website. 

They discuss how the industry has evolved and become more widely known to businesses worldwide.

Total Merchant Resources, which appeared on Shark Tank, has grown by 500 percent since then.

Total Merchant Resources Shark Tank Update

The business’s success has enabled the duo of entrepreneurs to grow beyond credit card receivables and expand their lending program for small businesses to cover ACH payments.

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Kevin O’Leary’s strategic relationship allowed the partners to extend their reach, and Total Merchant Resources has grown to become a global company that serves entrepreneurs across the globe.

As of February 2022, Total Merchant Resources generates $5 million in revenue annually, a significant growth.

Are Total Merchant Resources Still In Business?

Total Merchant Resources has established itself as a multinational company, offering services to companies worldwide due to their participation in Shark Tank and Kevin O’Leary’s investment. Merchants can also benefit from their Point of Sale systems, which they provide.

Total Merchant Resources announced that it had completed a $20 million fundraising round in the first quarter of 2016. Kevin O’Leary’s transaction with Jason and Val was not finalized after the broadcast.