The Risks of Running a Business

Starting a new business and having it take off better than expected is always good news. However, as a result, it may encounter financial problems that cannot be handled with the increased business. Although it is better to face a problem than have the business be a total failure, finding a solution to financial problems would help the business meet the market demand – and not burn itself out too early to succeed.

Say for instance, in the case of website business, the client knows the website and online marketing cannot be static or they will fail to bring in the business the customers seek. However, the business needs enough money soon to cover the professional fees, new employee salaries, and other hard costs of ramping up productivity.

Once these accounts start paying regularly, the client will strongly believe that it will be able to handle the additional running costs, but until then, a merchant cash advance would be required to address the market demand. This is where a cash advance financing company like Cresthill Capital comes in.

A Lack of Support from Banks

Traditional banks are not always willing to give funds or line of credit to address any type of growth problem, common as it may be for early-stage businesses. After all, they have no guarantee that after this sudden boom in demand for the product or service, the customer base will continue to grow, that it will retain the customers it currently has, or that those customers will keep spending at the same level going forward, despite the clients own best instincts and assurances.

Cresthill Capital is dedicated to helping micro and small businesses get the funding they need to enable them to address these kinds of “good problems” that result from the unexpected early success of the business.

How does Crest Hill Capital LLC work?

Crest Hill Capital LLC reviews the business revenue stream and historical receipts, as well as how the revenue is allocated to reinvest in the business and to pay itself and the workers. Cresthill Capital would also review the professional fees or salary the client intends to pay workers.

If the business is ultimately considered to be a good risk, Cresthill Capital customer service will work out the details with the client to match the business with one or more merchant cash advance funders to provide the business with the best deal it can find on the client’s behalf.

How Does Business Get Started With The Funding?

Once the client fully understands and agrees to the proposed terms of the cash advance financing, contracts are prepared and signed by all parties and the business can have the funds it needs [often within 24 hours] and the client can confidently take on the obligations of additional workers.

Prior to signing any contract, the clients look up things like Cresthill Capital complaints on the website. This will show how the company handles people who are not happy with the decisions they made.

Business-Friendly Funding

Traditional financial institutions don’t lend easily which is why a financial business that is willing to offer all the financial support to help build a business is important. In order to maintain the business and expand as well as capitalize on any opportunities that will help to gain good profit, steady cash flow is necessary.

Banks and other lenders offer credit only after they assess the creditworthiness of the business. This is concluded based on some criteria that are quite primitive. Lenders like Crest Hill Capital LLC do not depend on two-dimensional credit scores to offer necessary funds. They make sure that every applicant that is qualified to be given funds can access the capital without any delay.

Banks v Non-Bank Financial Institutions

Banks and other non-bank financial businesses offer funds to businesses, but unlike banks, non-banking financial companies are willing to offer funds to all kinds of businesses except start-ups. Banks need to be registered while others do not need to be.

The application process is rather simple and quick and this means that clients of Cresthill Capital have lesser complaints than big banks. The rates are competitive and the funds are offered as quickly as possible which helps in the smooth flow of the business.

A Strict Policy on Purpose of Funds

The only restriction Cresthill capital places on the use of approved cash advance are that the money must be used for business purposes. Merchant cash advances are not personal funds, so business owners cannot approach a fast cash lender in the hopes of obtaining funding for private projects.

However, Crest Hill capital LLC does not ask for details regarding why applicants are requesting financing, so the funds may be used for anything pertaining to business, including purchasing or repairing essential equipment, bridging cash flow gaps, covering payroll, stocking up on inventory before a busy sales season or taking advantage of limited-time growth opportunities.

These are the typical uses for a merchant cash advance, although the short terms and high rates imposed by Crest Hill Capital LLC suggest that its financing should be reserved for emergencies or pursued by companies that have exhausted other funding options.

Customer-Friendly Procedures

It is important to always take a company’s reputation into consideration before choosing to apply for a cash advance. Even though this company has a Cresthill capital complaints department, some of the major reasons Cresthill Capital has no complaints from their clients maybe because they approve requests of funds much faster than any other institution.

They do not charge anything for the application. They have very flexible terms and competitive offers. They give the client business funds based on the need of their cash flow. It is possible for the clients to go online and apply for any of their respective funding needs. The whole process of application is very simple and in no way complicated.

Also throughout the process, the assistance of Cresthill capital customer service can be availed by the clients at all times if necessary.

Differences between Bank Funds and Merchant Cash Advance for Small Business Funding Needs

Your small business is going well and revenues are coming in steadily every month. You need additional financing to cover unexpected expenses or to invest in business development. You’re considering two borrowing options – a bank and a merchant cash advance from Cresthill Capital. Which should you choose? Here are some tips to help you make a well-informed decision.

How Banks Provide Funds
Banks have traditionally been the go-to service providers for business funds. This was before alternate funding options such as merchant cash advance disrupted the market in the 1990s. Today many companies, including Crest Hill Capital LLC, offer merchant cash advance to businesses in need. The problem with the traditional banks is that they are harder to come by.

Small businesses have to contend with the stringent qualifying standards of banks. For example, banks are not inclined to lend to business owners with a poor credit score. Most likely, you will have to put up some form of collateral.

How Merchant Cash Advances Work
These challenges are eliminated with merchant cash advance products. MCA lenders do not take into consideration a business owner’s credit score nor do they ask for collateral. A merchant cash advance is tied to future revenue. Cresthill Capital reviews an applicant’s past and current sales records as well as past revenue and current revenue inflows to evaluate creditworthiness.

It then matches a client with an appropriate funding source and makes a proposal. In the merchant cash advance model, a lump sum advance is provided. In exchange, you sell a portion of your future sales. If you have a poor credit score, a merchant cash advance may make better sense.

Differences in Time Required for Fund Disbursal
As a relatively new alternate funding option, a merchant cash advance is not subject to rigorous scrutiny. Getting approval from a bank can take months and that too, after submitting a huge volume of supporting documents.

Cresthill advisors only ask for basic business information and business document that prove your business is in sound health and you have the capacity to repay via future receivables. The approval process is simple and fast and you can have the advance amount in your business bank amount within days if required. This is a good solution when you need working capital funds urgently.

Differences in Structuring of Repayment
The structure of repayment is different for banks and merchant cash advance. In the bank model, you typically repay via fixed installments every month. The terms are more flexible with a merchant cash advance. You only pay an agreed-upon percentage of future sales.

If you’re having a lean season with less revenue coming in, the repayment amount goes down and if you’re having a good season with more revenue coming in, the repayment amount increases. The percentage does not change but the actual amount to be repaid can change. This may be a good option if you’re running a seasonal business.

To make the right decision, take into account important factors such as your business goals, business revenue flow, credit score, and risk-taking abilities!