If you are running a small business and you need quick access to some immediate funds, who can you turn to? Banks and other similar outfits are the traditional sources for obtaining funds, but they require time to process applications and your application will be subject to various approvals and documentation requirements. Here is where companies such as Crest Hill Capital can help you out. What does Crest Hill Capital do differently?
Crest Hill Capital can provide your small business with a Merchant Cash Advance (MCA). This is an easy and alternate funding solution especially beneficial for small and medium sized businesses. In a merchant cash advance system, the funds are released quite quickly into your account and the entire process is smooth and efficient. What is the application process like? Applying for an MCA from Crest Hill Capital is very simple and has just a few steps that need to be completed from beginning to end. You will need to provide some basic documentation related to your business to show your average revenue for the last few months, bank statements and documents to show when your business was established. Details such as the amount of financing required for your business and by when you need it should also be provided to the company. There is no fee associated with applying for a cash advance. Your request for a merchant cash advance can be completed online and will just take a few minutes of your time. How long do you need to wait? The wait time to receive funds is significantly reduced when going through this process. The required finances are usually disbursed upfront by the company as soon as the application is processed. This typically happens within a few days and not weeks like when dealing with banks and other money lenders. Evaluation is done based on your current sales volume and revenue generated. Is it a safe option for your business? Crest Hill Capital reviews online can validate this quick financing option as a safe and flexible solution for your business. Approval rates for businesses that have opted for this option are high. Furthermore, since the repayment terms are flexible and customized based on your monthly business volume, the possibility of not being able to repay in unlikely to be a problem. Typically, repayment is based on a percentage of future sales of your business. The funds received for your company can be used for any need such as expansion, redecoration, and purchasing additional inventory or even to cover any sudden and unexpected business expenses. Crest Hill will not restrict the usage of the funds given for your business. You can clearly see the reasons as to why you and other small business merchant should definitely consider a merchant cash advance from Crest Hill Capital as a funding solution for your business needs. Fast access to cash and a short wait time are just some of the benefits they offer that you can use to your advantage to expand your business and increase your profits.
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The year 2020 will go down in the annals of history as the year that made the market freeze. Businesses had to close shop abruptly. Now that the economy is slowly opening up and adapting to the new normal, businesses are slowly getting back to the market. However, the lull in sales brought by the pandemic cannot be overcome just by opening stores, strategic changes have to be incorporated into business models to overcome the damage caused by the pandemic. Crest Hill Capital reviews record testimonials of business owners who have obtained merchant cash advances from the company that they were able to use to adapt to the new normal. Here are a few such strategies that you can also incorporate.
Diversify what you offer your customers Diversification is the only way to ensure that another lockdown will not completely stop business. Diversify the products and services you offer. For example, you can lease your store spaces in areas that have not picked up sales even after the lifting of lock-down. This will ensure that even when you don’t sell, your space yields revenue. Such diversification will require you to invest in inventory that can be used for multiple purposes, or for making changes to your existing resources so as to make them suited for diversification. Such changes require cash and the same can be obtained from companies such as Crest Hill Capital LLC that offer merchant cash advances to applicants irrespective of their credit score. Improve social media engagement Social media platforms have doubled up as billboards for advertising businesses. They are also the easiest channels of interaction between you and your customer base. The engagement on your social media accounts will help you recognize what products and services of yours sells and what doesn’t. This information will help you amend your business model accordingly so as to improve sales. The easiest way to ensure greater engagement and analysis of your social media accounts would be to hire a professional or to train your staff. Both of these options require capital influx and merchant cash advances from Crest Hill Capital LLC will provide for this cash requirement. Obtain merchant cash advances Adapting to the new normal requires business owners to spend money. This can be difficult given the year-long lull in sales owing to the pandemic. As mentioned earlier, merchant cash advances are the best financing solution as they are dependent on the expected future sales as opposed to the credit score of the applicant. Moreover, merchant cash advances also do not require applicants to give collateral to obtain cash advances. While choosing your merchant cash provider, make sure to go through their renewal policies as well. This will help you make business plans for the future. Crest Hill Capital reviews reveal that the company facilitates the renewal of the cash advance policy mid-way through an existing policy. This facilitates a steady cash influx and allows business owners to focus solely on business development and improving sales. The SME (Small and Medium-sized Business Enterprise) segment is one of the fastest-growing components of a booming economy in today's global marketplace and nurturing it for further growth is in the key interest of every nation. Take, for instance, in the U.S itself, SME segment employs over 50% of the country's private workforce, contributes over 50% of non-agricultural GDP, and has consistently created 2/3rds of new employment opportunities in the last two decades. Under such a scenario, the country can hardly afford to lag behind when it comes to identifying and nurturing this critical component of its economy. However, the sad reality is that the monolithic traditional banking sector is yet to wake up and realize the latent potential of this path-breaking heterogeneous segment (In the year 2018 itself, there was a funding gap of $5 trillion in the needs of the SME segment and the options available from incumbent sources), a major portion of this important customer segment is relying heavily on our alternative SME lenders, like CrestHill Capital. Today's article throws light on the market disruption and economic bottlenecks being faced by the SME sector and how we, at Alt lending is transforming how SMEs are being upheld and boosted - today and in the days to come. We are leveraging our years of experience and automation investment to create huge scope for Cash Advances for the SME segment in the last few years. Our bold approach, coupled with the use of innovative technology, is fast making Alt lending emerge as the forerunner in this particular capital building category. Let me give you a purview of how we, in the Alt lending sector, are making definite inroads into financing the SME segment?1. The fast processing of Cash Advances with minimal to nil paperwork and fast funding approval make us automatically the first choice of SME operators. Cash Advances now get disbursed in as less as 48 hours. Online application features, automated approval process, and automated pricing capability assessment make financing quick and hassle-free. 2. Cash Advances accessed from our Alt Finance companies like Crest Hill Complaints are offered at a far more reasonable rate of interest than daily payment credit. The enhanced price transparency helps to forge trust and lasting business relations. 3. Our Alt lending companies like CrestHill Capital make use of data analytics to generate cloud-based credit scoring to have a more predictive overview of their client's business ratings. The lack of dependence on actual credit scores leads to much lower operating expenses and gives a more new age, conventional economic thrust to the business by accurately analyzing SME activity, profitability, and liquidity. 4. Our friendlier and more accessible customer portal 24 X 7, like for example Crest Hill Complaints, provide all possible assistance and facilitate lending based on "softer" underwriting criteria like the promise of a long-standing relationship with the borrower. More than a history-based equation with the customer, our new age Finance model relies on AI algorithms and sophisticated credit assessment models to gauge the credit-worthiness of our customer base. 5. Our realtime risk profit assessment module uses a mix and match of traditional tools and alternative data like Predictive indexes, which are based on current and future cash flow figures from book entries and bank accounts. We use this data to gauge the SME ability to repay credits and lay down the foundation of a dependable economy. This keeps in check the need for collateral requirements and keeps interest rates reasonable, which otherwise would have spiked to compensate for the increased risk. The enhanced integration of digital technology promises a period of constant and rapid change, and unless the traditional banking sector upgrades its entire approach, we at Alt finance are gearing to gain a higher percentage of the overall market share in the upcoming future.
This is how I used alternative funding to stay ahead of the cash flow problems during off-seasons.2/3/2020 Every business is tied to seasonal demands (it could quite literally be weather-related or be dependent on religious or school holidays) that determine its sales and with it the profitability of the business. I am in the construction business, and we have our own low-demand months – mostly the winters when the bad weather makes it impossible to carry out any type of construction safely. This means that in the construction business, the lean months are tight on the pocket. We all have to pay a steady flow of bills from insurance companies, electricity charges, rent, and salaries while earning ZERO income. I did too! Until I came across alternative lending companies! At first, I got in touch with Crest Hill Capital/Mantis Funding to get some help for keeping my cash flow light with a working capital funding deal. The year had been tough, and I didn't have enough cash-in-hand for essential expenses. I had plenty of work lined up for spring but needed to keep things running smoothly till then. Short term alt-lending cash advances to ease cash flow With easy and fast access to capital, a cash advance is the best option when you need money quickly for a short period. It is structured as an advance on your future income and hence has exceptionally flexible terms. They helped me immensely to ease the stress and burden of unmet bills. In fact, Crest Hill Capital gave me no chance to complain as they were very helpful throughout the process and were extremely open about every single detail of the offer. Once my immediate needs were met, I also worked with Crest Hill Capital/Mantis Funding to expand my business. Using alt-lending to expand my business I had been toying with several ideas for expanding my business – I was tired of constant low-season problems draining my bank account and had come up with add-on services that could bring in money during the winters. I used Cresthill Capital/Mantis Funding to fund my growth plans with some equipment financing and later took on a business line of credit to manage expenses without approaching them for new cash advances every few months. I used their very competitive funding offers to set up an entirely new division in my company – winter snow removal and home winter-proofing services. I used the money to buy the required equipment, train my existing staff, and do some advertising. It worked like a charm; winter months are no longer a drag on my business. In fact, they are actually quite profitable! I have no Cresthill Capital complaints! Their simple and hassle-free funding deals were exactly what I needed to grow my business. They came through and helped me every single time I needed some liquidity, and I can say with confidence that my business would have still been struggling with off-season blues if it wasn't for them. I have recommended my approach to many in my industry and would urge you to give it a shot too. It doesn't matter what type of small business you are running; there are always cash-strapped days that can stop you from achieving your full potential. My advice would be to use alternative funding options to set yourself on the path of growth and higher profitability. If you have an idea that needs money, then get in touch with an online lender to put it into action. Don't wait!
Bottlenecks or Straight-up Misconceptions? Learn The Real Truth About Alternative Lending Sector12/1/2019 The alternative lending industry has been making waves, and it is assumed that the coming decade of the 2020s would see a significant rise in the alternative lending-accelerated growth of medium and small enterprises. The existing gap in credit flow towards the business sector can be bridged with effecting alternative tools, such as commercial business loans, peer to peer lending, crowdfunding, and factoring. While the alternative lending sector is fast emerging as the go-to option, yet there are some misconceptions about it. Are they real bottlenecks or just plain misconceptions? Let’s find out. Only desperate credit seekers look up to the alternative lending sector The biggest misconception that I have heard about the alternative lending sector is that only desperate credit seekers opt for it. This notion is not just wrong, it is senseless. Banks turn down a credit-seeking application for various reasons ranging from lack of appropriate collateral to not-so-fantastic credit score. If alternative lending companies gave loans to only the desperate ones with no solid standing, they wouldn’t be operating till now. The entire industry would have gone belly up a long time ago. Lie any other business, alternative lending companies also assess the risk logically and then offer credit at an appropriate interest rate. After all, which lender wants to see its borrower fail? None! The success of reputed alternative lending companies like Cresthill Capital And Mantis Funding does refute the above misconception. Your first credit-seeking option should always be a bank Or, as I hear many times, look up alternative lending sources only after your application has been rejected by banks. This, again, is a big misconception. The truth, in fact, is that many business owners find it much easier to avail of financing from an alternative lending source as compared to banks or credit unions. There are no hassles like endless documentation, unusual delays, there is less judgment and more flexibility. The majority of alternative lenders like Cresthill Capital and Mantis Funding do not require credit scores or collateral. Seekers also get cash advances of different sizes as per their requirements. Besides, approval and disbursal are faster. Any enterprise or business, looking to expand its operations and grab an available opportunity in time, would prefer a good alternative lending source. Time is money Alternative lending sources are unreliable, and you could hurt your credit score 100% misconception! Alternative lending sources are reliable, and while they don’t have stringent lending regulations to follow, reputation matters to companies in the business. One example is Crest Hill Capital - in a digital era, where every bit of information is available online, you will be hard-pressed to find Crest Hill capital complaints. The company has worked hard to maintain its pristine reputation, and that wouldn't have been possible if the business model was unreliable. Alt-lenders aren't banks, which means they do not have similar capital requirements, but they do need to adhere to lending regulations of the government strictly. And no, seeking credit from an alternative lending source IS NOT going to hurt your credit score. In fact, if you repay the loan responsibly, you can actually improve your credit score. Wonderful, isn’t it?
Alternative lending companies like Crest Hill and Mantis are thriving because of their strong ethics, flexibility, and ease of doing business. They bridge the gap between the financing needs of small and medium enterprises and smooth credit flow. Got more doubts? Ask us in the comments below. The huge profits hidden in the food industry make the restaurant business one of the most game-changing businesses in the US. No wonder it is great fun to meet fascinating customers from different parts of the world as well as make delectable recipes for them, it has a genuine business side to it also. Like all other businessmen, a restaurant owner can experience times when a speedy inflow of cash gets crucial. In such cases, most restaurant owners choose alternative financing companies like the Cresthill Capital. Throughout the years, such online alternative lenders have served several new as well as established businessmen with appropriate liquidity lifts and proved different ways they can help boost the restaurant business. Continue reading to find out the top three:- Open A Subsequent Café/ RestaurantOpening a second café or restaurant involves a trustworthy fund provider to support you through the initial stages of expansion at least. From deciding the location to procuring and preparing staff for marketing purposes, opening a second restaurant is a tedious procedure that requires persistence. According to some Cresthill Capital Reviews, it assures that you have your capital needs secured and can continue to maintain your attention on the preparation of the place. Maintenance Of Working CapitalOpening another café or restaurant might take about a couple of years to start making profits! In the meantime, the costs, as well as the initial investments, remain constant. To reach the time of profits, you have to keep the ship running productively for some time, and in such a circumstance, working capital financing can be extremely useful. Management of payroll during the off-season, loading up on the stock, staying aware of basic maintenance or paying general overheads like utilities, license charges, protection, every one of these costs can be effectively met with a customized merchant cash advance from Cresthill Capital. Expansion & Online EngagementGoing by a recent study, clients you engage via social media will spend about 20-40% more than others in your restaurant. Probably, this is the reason digital marketing can never again be taken for granted. Keeping up an engaging and regular online presence, utilizing digital advertisements, and keeping a well-structured site or an application with food delivery options are only a few of the basic requirements to reach and connect with prospect clients. For this, you need to hire an expert digital marketing team, and a number of restaurant owners are nowadays taking cash advances to launch their campaign in the best possible way as per Cresthill Capital Reviews. Therefore, if you are also in the restaurant business for more than 3 months, then remember that financing is never again a muddled procedure. With the help of alternative finance companies, getting funds for your small and medium scale businesses is a quick and easy affair now.
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