Alternate financing has brought hope to a lot of small businesses. Traditionally, banks, as a financing institution, hesitate to hand out cash advances to small businesses because they are considered ‘risky’ applicants. However, alternate financing options such as a merchant cash advance through Crest Hill Capital allow small businesses to procure funds based on their sales as opposed to credit scores, which is what banks take into consideration to approve funds. If you are a small business owner looking for funding options, then Crest Hill is the place to go, and here is why.
Crest Hill Capital does not make you wait without reason Time is a valuable commodity, especially in business. In most cases, needs are time-sensitive. If an immediate need is not met, it could cause irreparable damage to the business. For example, if you run liquor store and the coolers have stopped functioning, you will need to replace or fix the equipment immediately. The longer it takes to procure the funds to replace or repair the coolers, the longer business will be at a standstill, and this could wreak havoc. At Crest Hill Capital, the team understands the importance of timely funds. This is why cash advance requests are approved in a matter of 3 days or less! A delay is a rare occurrence, and if it does occur, the team at Crest Hill will work to resolve whatever issue is causing the delay at the earliest. Crest Hill Capital provides funds tailor-made for numerous businesses Different businesses have different needs. A trucking business owner would need funds to procure new trucks, given the increase in deliveries now that the world has shifted online. Whereas a retail store owner would need cash advance to hire a website developer and to establish sanitization booths at the stores. Different needs require varying amounts of funds. This is why Crest Hill Capital provides specific funds for numerous businesses such as automotive businesses, retail stores, liquor shops, trucking companies, medical stores, nightclubs, etc. The company leaves no room for any Crest Hill Capital complaints as their services are prompt and professional. Crest Hill Capital has made the process of application easy The process of obtaining funds from a conventional financial institution such as a bank can be tedious. The paperwork itself takes quite some time, and the approval takes weeks. However, obtaining a merchant cash advance from Crest Hill is very easy. All you need to do is go to the website and click on ‘Apply now.’ You can fill out and submit the online form in less than ten minutes. Yes, that’s how easy it is to apply for a merchant cash advance from Crest Hill Capital. Once you furnish your business documents, the company will quickly evaluate your application and make a decision. You won’t find Crest Hill Capital complaints as they waste no time approving your application and crediting funds in your business bank account. Repayments are made as a percentage deduction from regular credit card sales, so there’s no risk in applying for a merchant cash advance.
0 Comments
The heart and soul of the American economy, the trucking industry, is one of the most competitive and profitable businesses, if managed well. However, it can be quite challenging to keep up with competition and meet your client’s delivery deadlines. You need to have experienced, reliable drivers and a sizable fleet of trucks in order to survive in the industry. Many truckers fail in the trucking business every year due to the lack of financing. The good news is that trucking businesses can soar again because of companies such as Crest Hill Capital who provide cash advances for small businesses to help owners run their business smoothly and effectively. Here are a few benefits of partnering with Crest Hill Capital. 1. Expand Your Fleet
Research from the American Transportation Industry has shown that larger fleets bring in a higher return on investment. Having a limited number of trucks could cause you to turn down many trucking jobs, which may eventually affect your revenue levels. However, a larger number of trucks will allow you to take on more jobs and increase your revenue. With a larger business scale, you can also save on equipment, permits, fuel, insurance, and other costs. Having a larger fleet will enable you to survive through tough competition. 2. Update Technology It is important for trucking companies to keep pace with constantly changing technology. Switching to automated systems would help inefficient operations and would give you a competitive edge. Some of the most recent technologies include camera systems, electronic logging devices, and enhanced routing systems, amongst others. With the help of funding from Crest Hill Capital, your trucking business can get a new lease of life and upgrade operations with the latest technology. 3. Improve Logistics Logistics is part and parcel of the transportation and trucking industry. Irrespective of the size of your business, there are always changes that can be made to operate at higher levels. However, even the smallest changes require an infusion of cash. With necessary funding, your trucking business will be able to effectively improve logistics and reap its benefits. 4. Running Day to Day Operations Unpaid invoices can cause cash flow gaps. There is usually a waiting period before invoices are paid, and you may run out of cash in between the delivery and payment of the goods. Since a trucking business requires a constant flow of cash, any gap can affect your day to day operations. Alternate funding from an external source can help meet these expenses so you can continue to run the business smoothly. 5. Invest in Equipment With extra funding, you can invest in additional storage, new towing machinery, or other equipment based on business needs. Equipment can cost a lot, and having ready finances, can help your trucking business expand its services and increase its efficiency. Cash Advance: The Best Option for Business Funding Crest Hill Capital provides funding for business owners to help them cover immediate payment gaps or to expand their fleet size or inventory. With trucking business funding from Crest Hill Capital, there are no hidden charges or complicated terms or conditions. The entire process is very flexible and transparent. You do not have to worry about having a minimum credit score. A good business plan and a steady revenue system are all that you require. Your funding application will be quickly approved, and there are complete flexibility and customization on the repayment plan. Get in touch with Crest Hill Capital to find out how they can help you meet expenses related to your trucking business. Funding is a crisis in America! Hard to believe but this is a fact. In a fast-moving and rapidly growing nation like ours, funding acts like a worm hole which is there to study but not for practical application. However, the same cannot be said for big businesses. Don’t know how but they have managed to crack the code to fetch the all-important cash. It’s like they have hand-dipped into the treasures, they never seem to face problems and, if they do, the traditional channels are ever-ready to help them. Perhaps, this is the reason why small and medium businesses.
The fact that traditional channels are so engrossed with the thought of securing deep pockets, they seem to have forgotten that they are also supposed to cater to the needs of small and medium enterprises. Moreover, the hangover of MNCs is such that the traditional channels have designed their policies in such a way that small and medium enterprises can only dream of getting qualified for approval. Okay, if this seems unfair, answer this: Given a choice to maintain a credit score or fetch your truck stuck on a highway and payout the outstanding in your office; what will you choose? It is hard for people sitting in the bank to empathize with this situation. For them its credit score and collateral or nothing. And, this leads to small and medium businesses suffering endlessly. However, things are changing. The inception of the alt-fin industry has brought some respite in the camps of small and medium enterprise owners. Firms like Cresthill Capital/Mantis Funding are working tirelessly to enable SME owners to chase and achieve their personal as well as their business goals. Just when everyone thought that small and medium business would end with nothing, these firms have injected hope into the system. Working as a team with the owner, these firms are here for the taking! They are here in the thick and thin, they are here to provide access to funds, and, hence, they have designed funding in such a way that every businessman is satisfied. Nevertheless, following the same, here are a few types of funding options that could be used to boost or stabilize a business: Trucking Business Productive but very expensive. If managed properly, this business has the potential to deliver rich dividends. However, uncertainties on the highways like that of a truck breakdown, delay, accident, fluctuations in fares and gas rates, etc can substantially increase the operational cost and push the venture in the opposite direction. Hence, to stay on top of the game and maintain the greenery by keeping operation cost down, it is imperative that a trucking businessman should opt for trucking business financing from alt-fin firms like Cresthill Capital/Mantis Funding who have flexible funding and repayment plans to ensure that they help without putting a burden on the pocket. Retail Store The retail industry is one of the most competitive markets across the world. The demand for these products is always high. It is fair to say that this is a growing industry. Moreover, with Amazon coming in and making everything online, the scope of expanding a retail store for an owner is increasing with each passing day. However to handle the logistics, inventory, equipment, and staff could take a toll on the pocket in the initial days. This is where alt-financing like retail store financing comes handy. Moreover, with the help of online support like that of Cresthill Capital Complaints, a retail store owner can learn about and discuss the options with the support staff to gain clarity. With more quick and easy financing options like these, an SME owner now has a sense of security that allows him to grow and expand. Does Your Alt-Funding Partner Possess These Three Characteristics? If not then cross verify!7/14/2020 It has been more than a decade since the Great Recession posed a variety of challenges for SMEs. During this, the first thing the small and medium business owners noticed was the back-peddling of the traditional channels. Funny to see how the institution which was supposed to provide funds was potentially declining its help in the form of rigid terms and conditions. Besides, they forgot that the success of these small and medium enterprises more over the country’s economy was directly dependent on their help. Their criterion of either high credit score or heavy collateral or both was the nail in the coffin. With all this, a sudden downfall of the country’s backbone was imminent. However, things changed and they did for good.
The alternative funding came into the scene and changed the way things were perceived. They were flexible, easy, and user-friendly. They provided the exact funds as stated by their client. Apart from that, their swift working, which was powered by the prevailing technology, ensured the application procedure is short and crisp. They understood that funds are important than hours of heavy documentation. It won’t be wrong to say that they challenged when they came and, now, have changed the face of funding. Though some small and medium enterprises were a little pragmatic while approaching them, nonetheless, with a decade long existence that too has been resolved. Firms like Cresthill Capital/Mantis Funding are spreading throughout the market exponentially. And, the best part is that, aside from expansion, they have gained the trust of many SME owners. As it happens in every market, this segment too saw a boom of different alt-funding firms, some authentic, some not. With the market crowded, the SME owners were spoilt for choices. As a result, it became difficult to find who is trustworthy and reliable. Hence, here, we are laying the foundation of alt-funding firms. These qualities define the authenticity of a firm. So, ensure to check these aspects before placing your bet on any firm. ● Faith A businessman’s negligence while signing can tie him down to years of obligations. Many alt-fin firms are experts in creating terms and conditions in a cryptic. Hence, it is important to judge the funding partner astutely before deciding to pen down any agreement. Go about doing the best possible research, discuss with peers, and talk to experts who one can trust for help. However, the best possible way is to go about review platforms like Yelp, Cresthill Capital Complaints, etc, these are platforms where an SME owner can find the experience of the past clients. ● Transparency Transparency is the crucial aspect that determines the future of an SME’s deal with the alt-funding partner. Firms like Cresthill Capital/Mantis Funding have been working over a decade and this is the reason why their terms and conditions possess complete transparency and clarity. ● Fairness Added fees, complex procedures, terms and conditions full of heavy jargon, and whatnot! There is a reason as to why many SME owners were or are doubtful regarding an alt-fin company. And, to some extent that is pretty fair! The reason for this is they expect the alt-funding firms to be as loyal as their traditional counterparts. Besides, wanting them to are honest with what they say and do. Perhaps, this is why firms have platforms like Cresthill Capital Complaints. These platforms provide a clear picture of the company, which is a good thing to have considering an owners’ long-term vision. Alt-funding is a fairly simple procedure. However, all an owner needs is a firm like Cresthill Capital/Mantis Funding to honesty approach a deal to make it better, transparent, and clear for the owner. Every small and medium enterprise needs financing to move forward. There was a time traditional banks were the go-to option for all of them in need of business financing. But with evolving times, the way SMEs get their funding has changed too. They no longer depend upon the restrictive, arduous, and long-drawn bank processes to avail financing for their growth. Out of the many reasons behind this drastic shift in preferences, the most significant detriments are conditions like heavy collateral's and high credit scores put forth by traditional banks. Now add to this list hassles like heavy documentation, unnecessary legalities, and a long wait. No wonders SMEs have had a 180 degree flip in their preference as they flock to alternative lenders, like Cresthill Capital and Mantis Funding, where the loan approval process is a breeze. No heavy collaterals, no minimum FICO score demands, and the loan disbursal process is super fast. Who wouldn't like that? In view of this drastic shift, let us take a close look at the three important offers in the alternative lending landscape. Invoice Factoring or Accounts Payable Financing A savior when clients don't clear invoices on time, and you are left stranded with pending payments. Suppose you have a big check coming in next Monday and are depending upon the money to purchase new inventory. The client cites some reason for an unexpected delay, but you have already placed an order. Oops! This is where invoice factoring or accounts payable funding step in. Invoice factoring or accounts payable funding is offered by alternative lenders, like Crest Hill Capital and Mantis Funding, wherein the amount of the outstanding invoices is paid to the borrower with an understanding that they would repay it upon receiving their pending payments from the client. As many Cresthill Capital reviews suggest, businesses struggling with tight cash flows due to payment delays have found these offers godsent. Merchant Cash Advance Merchant cash advances are like taking an advance on your future income/revenue. Here the applicant business gets a desired amount of cash immediately in lieu of a portion of their future sales. Instead of a fixed payment, you're offering a small percentage of your daily revenues. Micro-funding with a merchant cash advance, the applying businesses' daily transactions (usually the ones through debit or credit cards) are used as a base to come up with a shareable profit percentage. Merchant cash advances can be both short and long term as per the conditions decided between the lender and the client. Micro-funding Small proprietors, small businesses with very few employees, home-operated companies, and online businesses usually opt for micro-funding when they need a very small amount of money, like $10,000 or less. Such businesses find it almost impossible to get through the traditional bank's credit process and are often rejected. With micro-funding, small startups and businesses can avail quick cash that they can repay in equal installments, just like a traditional credit deal. The documentation is less, and the underwriting process is more flexible. Which of the above microcosm of alternative lending landscape appeals to you the best? Micro-funding, invoice factoring, or merchant cash advance? Let us know in the comments below.
This is a well-known fact that most of the automotive companies work on tight cash flow. Further, this business operates on a thin margin is something that puts businessmen in tremendous pressure to keep the sales up all the time. Due to the competitive nature of this industry, the suppliers are piped to give their hard-working employees an incentive to get the client’s business. And these incentives, sometimes, turn out to be the cause of financial problems for the supplier. Moreover, change is the fickle nature of this game; if the business owner or automobile supplier is unable to keep up the pace in the market, they are either replaced or worse, shut! Thus, to keep with this nature, the suppliers and business owners require money. But what are the options for an automotive business handler when it comes to financing? The tough and rigid system of banks is surely not getting the funds quickly. So where to turn. Thankfully, there are alternatives everywhere, and this field is no different. Let’s have a look at them: Micro-funding firms:When the need for quick cash arises, the business owners turn to funding firms like Cresthill Capital/Mantis Funding. Firms like Cresthill Capital/Mantis Funding understand the different requirements of the automotive business. They also understand the fact that the requirement of a supplier is different from that of a dealer, and a dealer might have a different set of requirements compared to that of an auto repair shop. They don’t get bogged down by credit scores and their reports. With a super flexible way of returns, these firms are designed for the growth of the venture. Further, to strengthen their customer support, they have created platforms like Cresthill Capital Complaints, where the business owner can ask for help by writing about it and get a solution ASAP. Seeking Help From Friends And Family:This is a good option for raising money for the crunch situations. The benefit here is that the money stays within the family, and the repayment option is quite flexible. Moreover, asking from family solicits funds for short and long term may lead to a little squabble in the future, but due to its no interest nature, this is a good option. Work In Different Ventures:To complement the cash flow here, a businessman can look to work in different ventures which are not season or dependable and are sure to turn profits their way day in and day out. In this way, the businessman can complement the cash crunch in this field. Moreover, there will be no need to look for other funders. Seeking Venture Capitalist:Looking for a venture capitalist who trusts you is also a good idea. If established on a well-defined and visionary model that promises regular cash flow, the capitalist might get tempted to help you in managing your firm by providing some funds. Seeking Financial Counselling:Seeking out advisers for some good advice on your current situation can also be quite helpful. Talking to experts will help you gain a new perspective, which in turn can be used to devise a strategy for cutting costs, saving money where possible, and reducing debts. Furthermore, these counselors can help you recommend firms like Cresthill Capital/Mantis Funding, which can help you by providing funds for short-term use with flexible repayment options. These are just a few ways of getting easy funds from a reliable institution. However, a businessman needs to understand how the finances are flowing and how they can cut down costs, which can be used for the smooth flowing of their business.
If you are stepping into the world of Alternative Online Lending for the first time, then all the information on the blogosphere can be quite confusing. Every company is advertising different types of offers or services, AND it's all couched in marketing-laced language that obscures the actual information. Therefore, to provide some clarity, here is a list of some must-know alternative lending terms here:– 1. APR (Annual Percentage Rate) This is the most useful metric to compare different funding offers! Simply put, an APR is a calculation of how much a financing offer will cost you on a yearly rate. It includes all fees and costs and is followed by most alternative financing companies like Cresthill Capital. 2. Debt Service Coverage Ratio (DSCR) A DSCR is the preferred criterion for online alternative lenders for evaluating a client’s creditworthiness. Debt Service Coverage Ratio (DSCR) is basically your total annual income divided by any current annual liabilities. If a DSCR is greater than 1, it means that you or your business is able to pay off its current financial obligations. 3. Merchant Cash Advance (MCA) This is one of the most preferable financing options for small business owners. In an MCA, the money you receive from online lenders like Cresthill Capital is seen as an advance payment on your future earnings. The repayment is also made as a percentage of each sale made with a debit or credit card. 4. Line of Credit This is another type of alternative lending option popular with SMEs. A line of credit (LoC) operates like a credit card with a limit that businesses can use as a steady stream of money. They withdraw and use what they need and only pay charges on the amount they use till it is repaid. As per some recent Cresthill Capital Reviews, this is one of the best finance options for those dealing in small and medium scale seasonal businesses. 5. ISO (Independent Sales Organization) If you are looking for funds, then you will certainly encounter an ISO. ISO or an Independent Sales Organization is a third party company that works with small business owners by providing liaisoning merchant services. They act as the link between businesses looking for credit and Alt-fin organizations. 6. Invoice Financing This is a great option for businesses, which are struggling with cash flow due to unpaid invoices. With invoice financing, you get a line of credit by pledging your unpaid invoices as collateral. A lending company like Cresthill Capital Reviews all the invoices closely as the size of the line of credit depends entirely on the value of your outstanding invoices. You are ultimately responsible for collecting the money from the companies who owe you, but through invoice financing, you now have the cash to meet your immediate obligations. These are just a few of the terms that help in demystifying the world of alternative lending for you. Of course, there is more to know. For that, you may contact a trusted alt-fin expert or just simply get in touch with Crest Hill Capital at 800-828-0452 before you apply for your first financing offer.
|
|