Shark Tank Update
Shark Tank Pitch
Total Merchant Resources Shark Tank Update
Published:
2m
Piscataway, New Jersey
| Name | Total Merchant Resources |
|---|---|
| Main Presenters | Jason Reddish and Val Pinkhasov |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 12/5/2022 |
| Main Location | Piscataway, New Jersey Loading Map |
| Order Shown in Episode | 4 |
| Final Deal | Offer made from sharks |
Total Merchant Resources Shark Tank Pitch
Jason Reddish and Val Pinkhasov found it difficult for businesses to get loans, so they created a solution, viewing themselves as micro-sharks. Total Merchant Resources is a credit card processing service that will provide quick cash to a small business. In exchange, the business agrees to use Total Merchant Resources credit processing service, where Jason and Val can take a cut of incoming revenue.
Jason previously owned a mortgage company. Val was in mortgage sales, where Jason eventually hired him. Jason and Val have New Jersey accents. In 2012 Total Merchant Resources did $364k in revenue with $220k profit.
The sharks hint that they sense there is a mafia inspiration to this business. Taking over a small business's money flow to receive royalties feels like a dirty business that the sharks don't want to be involved in...except Mr. Wonderful. Kevin is known for making royalty deals and thinks this could be a helpful service. Kevin makes Jason and Val stretch, but Kevin doesn't budge. They almost flipped a coin to do the deal but instead chose to accept Kevin's offer.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $200k for 20% of company | |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Daymond John | Out |
| Company | Deal Never Closed | Kevin O'Leary | $200k for 50% of company |
| Company | Offered | Kevin O'Leary | $250k for 25% of company |
| Company | Offered | Kevin O'Leary | $240k for 50% of company |
Mark Cuban
Out
Daymond John
Out
Kevin O'Leary
Offered
Lori Greiner
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Total Merchant Resources After Shark Tank
As of 2022, at a glance, it would appear the deal with Kevin went through but
according to a 2013 article by cardeqgroup.com https://www.cardeqgroup.com/blog/2016/09/the-rise-of-the-merchant-cash-advance-industry-with-a-little-help-from-shark-tank https://totalmerchantresources.com/tmr-says-shark-tank-exposure-worth-it, the deal with Kevin O'Leary fell through. The exposure and validification Total Merchant Resources received did however help their business and according to totalmerchantresources.com Link Preview
cardeqgroup.com , Total Merchant Resources received in one week the amount of business that had typically taken three months.Link Preview
totalmerchantresources.com
As of 2022, Total Merchant Resources' website is totalmerchantresources.com https://totalmerchantresources.com https://www.facebook.com/TotalMerchantResources. They offer lending services to businesses with over $10k monthly revenue for over three months. They do different kinds of lending and even provide website creation services. As of 2022, they are active on Facebook Link Preview
totalmerchantresources.com .Link Preview
Facebook
According to Jason Reddish's LinkedIn https://www.linkedin.com/in/jason-t-reddish-1bab9a68 https://www.instagram.com/p/BOc5Hv2FTlr/?utm_source=ig_web_copy_link, Jason is CEO of Total Merchant Resources and a Board member of the Better Business Bureau in New Jersey as of 2022. He also plays the drums in a band, which can be seen on Jason/the band's Instagram, @birdlives12 Link Preview
LinkedIn .Link Preview
@birdlives12
According to Val Pinkhasov's LinkedIn https://www.linkedin.com/in/val-pinkhasov-57305745, he is President of Total Merchant Resources as of 2022.Link Preview
LinkedIn
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