Keep Your Small Business Running and Growing with Merchant Cash Advance Solutions

Cresthill Capital is an organization that specializes in helping small businesses working capital or growth funding quickly on the basis of the unique merchant cash advance payment system. Here are some reasons you may want to apply for working capital funding.

How Merchant Cash Advance Works
A merchant cash advance is different from a business fund obtained from a bank. Banks and other traditional money lenders may not consider your small business funding if you have a sub-par credit score. Moreover, their approval process is time-consuming. This is not the ideal situation when you have a sub-par credit score or you need working capital funding quickly.

In the merchant cash advance model, lenders give more weight to past and present revenues coming in from sales. Moreover, they provide lump-sum funding that is directly credited to your business bank account. In return, you commit to paying a portion of future receivables till the entire advance amount and applicable fees are cleared.

Which Businesses Can Apply?
Cresthill Capital matches small business owners with appropriate funding sources and makes an offer for proposed financing. Clients need to furnish proof of consistent past and current business revenue to qualify. Almost any small business such as a liquor store, retail store, medical store, night club, food truck, an automotive company, etc. can take advantage of the merchant cash advance funding system for operational or growth reasons.

Purchase More Inventory
Even profitable small businesses sometimes struggle to have enough inventory in stock due to a lack of working capital. This can be frustrating in peak season such as the period before Christmas. If you own an independent retail store or a toy store, you may consider a merchant cash advance to buy more inventory and have plenty in stock for customers during peak season.

Invest in Business Development Activities
As a retail store owner, you may be interested in purchasing a new POS system to increase operational efficiencies. You may want additional funds to spend on an advertising blitz. You may have plans for opening a new branch at a different location.

Imagine how disappointing it would be if you lost out on renting a strategic location because the bank was taking too long to process your funding request. In all these situations, a merchant cash advance can be a simple, convenient and attractive funding option.

Cover Expenses in Lean Season
Sometimes, you may need working capital just to keep your business running. Some businesses are seasonal in nature – for example, a pool supply store or a landscaping company. However, they have to cover basic costs such as payroll or rent during the off-season. A merchant cash advance is a great solution because it comes with flexible terms.

You can usually pay less during lean season and pay more when you have strong revenues coming in. It’s best to check the agreement terms because all lenders do not offer the same terms. You may also want to check online Cresthill Capital reviews and customer feedback before deciding to commit.

For simple, fast and competitive working capital funding solutions, get in touch with Cresthill Capital advisors now!

The Importance Of Working Capital In Business Management

Working capital is not really a term that features in your daily business interactions. That said, it is essentially the backbone for a successful business venture. And that’s especially true for small and micro-businesses. The availability or non-availability of sufficient working capital is integral to the overall financial health of an organization.

From paying rent, employee salaries to making payments to vendors for products or even thinking of a business expansion, working capital is what you need to take your business further or to even meet your current business obligations.

Calculating the current levels of working capital as well as preparing a plan for future needs is the first step to ensure that you understand the overall needs of your business. The next step is to consider ways to obtain immediate cash to create sufficient working capital. This is exactly where capital funding institutions like Cresthill Capital feature within the process.

However, let’s first start with a brief on the basic calculations involved in estimating working capital as well as the needs that may call for additional working capital.

Calculating working capital
Working capital is calculated as the difference between the short term assets and the short term liabilities. For such calculations, the present assets like the cash available in a business account as well as those due to be shortly received are calculated.

Similarly, liabilities include the money that’s payable to vendors, creditors as well as that required for operational activities of the company. Net-working capital is hence an indication of the cash flow available within the business to meet current as well as short term expenses.

Often, a crunch in working capital happens during the operations of a small business. This is when capital funding companies like Cresthill Capital come to the rescue of merchants.

Business needs that call for additional working capital
Understanding the availability of working capital helps small business owners to plan their monthly cash inflows and outflows which can further help in identification of the more cash requiring months in advance.

Businesses might often need sudden and extra working capital owing to reasons like expansion plans, bulk purchasing requirements at times of discounts, to pay temporary employees or simply to gear up for a busy customer season. Similarly, sudden additional working capital may be needed to fund business obligations like increased wages, rent, etc.

Leading funding companies like Cresthill Capital reviews the overall sales record of the small business venture and provide quick cash that works as working capital to the tide of the rough patches.

Options for augmenting your working capital
Banks are not the preferred options for boosting working capital. In most cases, they do not find extremely small cash advance lucrative. Other options include using business credit cards. These again have their limitations of higher cost structure rates which add to liabilities. In such instances, taking merchant cash advance from leading capital funding companies like Cresthill Capital are the most feasible and convenient options.

While banks depend on confirming the borrower’s years of experience in the business as well as their overall business plans, capital funding companies like Cresthill Capital reviews the monthly credit/sales record and prepare their repayment plans accordingly. Cash advances are quick to obtain with flexible repayments which make it super convenient for borrowers to manage.