Alternative Funding For Veteran-Owned Small Businesses

Military personnel has served their country with great honor, and now, as they get back to civilian life, it is time for the country to help them back. American alternative lenders like Crest Hill Capital help military vets with a financial boost that gives them a chance to catch up to their competitors who were busy establishing their businesses while the veterans were keeping the American flag flying high.

According to the last U.S. Census, military veterans own and run roughly 2.5 million small businesses, and alternative funding agencies have played their part in supporting many of them with exclusive funding deals for ex-military personnel.

Let’s understand how small business funding can help:

There are different alternative funding options available for veterans hoping to kickstart or grow their own business. Vets can get anywhere from $500 to $5.5million in funding depending on what they qualify for. For more details, you can look into the various deals offered by Crest Hill Capital.

A veteran can also be eligible for reduced fees if he/she is a service-disabled veteran, reservist, national guard member, participant in the transition assistance program (TAP), veteran (but not dishonorably discharged). Most alternative lenders offer a range of secured as well as unsecured financing options. Crest Hill Capital can help you with further details if you’re keen to learn more.

Remember, different lenders have different lending options and special programs for veterans. If you are a military veteran determined to start your small business, then do look closely at these options and choose one that fits your requirements. Whether you are looking to start your own business or planning to grow your existing small business, alternative funding is a great way to give some boost to your small business.

What are good small business options for veterans?

Of course, you can start any business that you want based on your interests and skills. But, being a veteran, you have certain advantages that others don’t. You can leverage your military skills and expertise to start your small business. Here are some ideas to get your brain-tickling. Check Cresthill Capital reviews to learn what other fellow business owners are saying.

1.Fitness And Self-Defense Training: As a military person, you have been trained on how to maintain your fitness along with different self-defense techniques. You may want to use these skills to build your own small business around fitness and self-defense training.

2.Travel Business: If you have served overseas during your military tenure, you may want to use that expertise and set up your travel business to assist people looking for special attention during their travels – especially in sensitive regions or conflict-ridden countries. As a vet, you are sure to have extensive knowledge about some countries than anyone else. Leverage them.

3. Own A Restaurant: If you served as a cook in the military, you will certainly have cooking skills. Set up your restaurant leveraging your expertise. Even if you don’t have cooking skills, you can still start a restaurant because you have better people management skills and set up an operation on a large scale.

Last but not least, there are a lot of training and entrepreneurship programs that are specially designed for veterans. Tap into these options if you are keen on starting your own small business. And don’t forget to read the Cresthill Capital reviews – they are well-known to help ex-military business owners with some special rates!

Stabilize Your Small Business Finances With Alt-Financing

It is an undeniable fact that any type of business variances may cause financial unsteadiness. Thus, a quick cash advance from alternative funding companies like Cresthill Capital/Mantis Funding is perhaps one of the most ideal ways that you can get the funding you need to go through the tough phases smoothly.

Alternative funding companies offer small and medium scale businesses instant funds that they require in order to endure difficult phases. The best part about these funding companies is that the potential borrower isn’t required to possess a business that has been in presence for several years. Unlike banks, as soon as the funding request is accepted, it is transferred to the business account of the applicant in just 5-7 working days.

In addition, the deals offered are customized to guarantee receptiveness. For example, the Cresthill Capital Complaints department helps potential borrowers to have their questions and complaints resolved by experts on priority.

Are you eligible for a cash advance?

If you are also looking for a cash advance from Cresthill Capital/Mantis Funding you must know that both the companies first check the income stream of your business closely. They usually crosscheck factors such as whether the variances are at a sensible rate or not, how exactly the income happens, the client base and how the income is reinvested into the business. They will likewise think about why the business needs the fund in the first place. If everything is satisfactory, the approval is made without any delay.

Do you have flexible repayment options?

As soon as your application is approved, the following stage is to work out repayment choices that are adaptable and won’t affect your business excessively. The general strategy for repayment that is favored is the split percentage system where a part of the business is redirected from the source towards repayment. The reimbursement alternatives depend on commonly concurred terms and any complaint that you face can promptly be taken up through the Cresthill Capital Complaints department.

Secured future of small and medium scale businesses?

While well-established businessmen have access to cash reserve for dealing with financial instability, fluctuations in small businesses can’t be evaded when there is a lack of capital. They don’t have the advantage of a working capital reserve and as they are not very settled and their funding requirements are smaller, their applications are frequently rejected by banks.

However, with non-bank funding companies like Cresthill Capital/Mantis Funding, small scale business owners have become hopeful. They can easily get in touch with such capital funding companies to meet their quick fund requirements. The exceptional customer service ensures that they will get what they are looking for and repay exactly the way that suits their business best.

With a number of funding and repayment options offered by renowned alternative financing companies, one can say that the future of SMEs is completely secured and a lack of capital can never stop a small scale business owner from growing and expanding. For more details feel free to call 800-828-0452!

How To Get Business Funding From An Alternative Lender

After years as a business owner, I can attest to one fundamental reality of every business; companies ALWAYS require money to operate and to grow. And no matter how profitable you are today, there could always come a time when a liquidity crunch will make you look outward for funding.

For small business owners, like me, finding money to fuel business growth (or even just to keep ticking through a lean period) was a constant challenge. It always seemed to me that the banks just made it too hard to get funding!

The paperwork, the wait, and, most critically, the uncertainty of approval made me lose many opportunities over the years. Thankfully, alternative financing institutions have now become a part of the mainstream funding sector – making it easier for small business owners, like me, to inject money into our businesses.

Over the years, I have taken three financing deals from alternative lenders (Cresthill Capitals/Mantis Funding), and this is what I recommend for business owners approaching alt-lenders for the first time –

1.Understand your requirements

In my opinion, the first and most crucial step is to analyze your business need. How much do you need, for what and for how long, and, most importantly, what can you afford? These are important questions you need to consider before you approach any alt-lender.

Once you have a basic idea of your needs, it is important to detail it out. Put down a timeline with specific goals for month or quarter – for example, if you are planning to take a financing offer to update your business premises, then you should have fixed price quotes from the builder, with a timeline and all the costs involved. You should also have a projection of how your revenue will pick up after the changes.

2.Research the alt-lending marketplace

The alternative financing sector is pretty diverse and vast – and spending time researching the various companies will certainly ensure you get the best deal possible.

Along with the lender and their specific deals, you must also weigh the different lending options. Most alt-lenders, such as Cresthill Capitals/Mantis Funding, offer merchant cash advances, business lines of credit, equipment financing, or working capital funding. Each comes with different rates and timelines.

You must match your needs to the right financing type. For example, my first funding offer from Cresthill Capital was a merchant cash advance for $10,000, which I used to stock up on seasonal inventory. The money was paid in a lump sum, and repayments were made as a percentage of daily sales.

3.Apply online and keep documentation ready

Once you have found the right deals, it is time to fill up the application. For a first-timer, it makes sense to apply to 2-3 different lenders. Once you apply, someone from the company’s team will get back to you for more information and to negotiate terms. Comparing a couple of offers can give you some leverage here.
The first time, I also kept my options open. But I had absolutely no Cresthill Capital complaints, so the next time I just went back to them as I was pretty sure they would give me the most competitive rates.

4.Negotiate

One of the things I like best about alt-lenders is the extreme flexibility they offer. The terms are not written in stone, and there is always room to get a better deal. So my final piece of advice is to negotiate a bit, as you will certainly shave off a bit from your total cost.

I hope this article makes your first time financing process a bit easier! One final piece of advice – take time and explore different options. For this start talking to various alt-lending institutions soon, don’t wait for a cash crunch to hit your business!

The Growth and Resilience of Alternative Lending Industry

Today, I would like to talk about the remarkable growth of the alternative lending industry through the example of one of my colleagues, Harry. Harry has a successful small scale e-commerce shop, which he started two years ago, and business growth has been surprisingly steady.

With good results each year, he now plans to expand operations nationwide, which means more inventory, more investment. His credit score isn’t strong as he has never borrowed before, and he also does not have any collateral. Obviously, traditional banks aren’t an option to seek financing. Should he discard his dreams?

Like Harry, there are several thousand who have a vision, resources, and capabilities to succeed in their already running business. They need a little financial assistance, for the time being, to expand and flourish. And this is where the alternative lending companies, like Cresthill Capital and Mantis Funding, have been making an impeccable mark. Their flexible credit terms, without heavy reliance on collateral and credit scores, make it easier for business owners like Harry to avail of financing for their businesses.

Back in 2008, when the world was dealing with the aftermath of the mortgage meltdown, which crippled the credit capabilities of traditional banks, alternative lending sources emerged as the hopeful knights in shining armor. And since then, the alternative lending industry hasn’t looked back.

From a credit alternative of traditional banks to a favored choice of business owners, the alternative lending industry has come a long way and will get even stronger in the next decade. Does the next decade belong to them? Yes, I certainly think – and hope – so. Let’s delve further.

Growth of the alternative lending industry

The alternative lending industry has shown remarkable growth and would continue to do so over the next decade. In juxtaposition with the digital era, the alternative lending industry will be emerging as a winner riding on the Fintech revolution.

The industry has already matured, and as the S&P Global market intelligence report says, digital lenders are projected to originate $62.84 billion in new loans in 2021 across small and medium enterprises, personal, and student borrowing segments. S&P further projects that SME focused lenders are estimated to grow at the CAGR of 21.5%.

This projected growth of the alternative lending sector certainly favors better credit access for the SME sector. Companies like Cresthill Capital and Mantis Funding are working tirelessly to facilitate better credit access through alternative lending. Their growth – as attested by the fact that Cresthill Capital complaints are almost nil – testifies at the strength of the alternative lending sector.

The resilience of the alternative lending industry

What makes the alternative lending industry resilient? Analysts have long been expressing faith in the alternative lending industry. Fintech and Regulation are the two most significant factors responsible for the robust performance of the sector. Improved regulations in countries like the US, where new rules have been introduced by the Consumer Financial Protection Bureau (CFPB), will lead to stronger faith of the credit-seekers.

Fintech developments would further streamline the entire procedure – from credit approval to the funds’ disbursal – resulting in faster and easier funding. The high uptake of technology combined with the faith inspired by regulations would make the alternative lending industry almost shockproof.

Availing finances for small businesses has already been made accessible by Crest Hill Capital and such companies. The next decade certainly belongs to all of them!

How Alternative Lending Sources are Accelerating Growth of Small Businesses?

Here’s a news piece that had me thinking for quite a while.

Pepperdine Graziadio Business School, with research partner Dun & Bradstreet, released a surprising result from their Q2 PCA (Private Capital Assesment) Index this June 2019. Alternative lending options are witnessing a steep rise for both small and mid-sized businesses. The report further detailed how attempts to secure loans from traditional sources went down in Q2 in comparison to Q1.

Reading this particular news, it is but natural to get curious over why alternative lending sources are being favored over the traditional ones. There has to be a reason why alternative lending sources are accelerating the growth of small businesses. Being a habitual analytic, I tried rationalizing over this, and here are some of the key takeaways.

Let’s delve.

The small business financing demographic has been changing rapidly. There are several financing options to choose from, and more businesses are opting for alternative sources. But why?

Businesses need financing when they come across an unexpected growth opportunity or have an obstacle to overcome that needs capital. When you have all the right elements- talent, opportunity, and a vision, lack of capital flow hurts more than ever. Alternative lenders have emerged as a reliable and powerful option for a multitude of reasons.

Relaxation in Credit Requirements

Most of the time, small businesses do not have an established line of credit. Lack of cash reserves further restricts their growth plan. Traditional lending options from banks come with tough conditions like heavy collaterals and high credit score requirements. The uncomfortable truth is that those who can meet these requirements usually don’t need financing. And those who need one do not have the luxury of collaterals.

Alternative lending options save the day for many such small businesses with their relaxed credit requirements. For instance, both Crest Hill Capital and Mantis Funding provide varying sizes of cash advances without the obligation of putting up a collateral and credit score. Definitely, the scales dip in favor of alternative financing.

Flexibility in Credit Terms

There is an advantage of availing financing from alternative sources that aren’t regulated by governments and banks. As a borrower, you get to reap benefits from flexible credit terms. You can repay over a more extended period of time, choosing installments that fit within your budget. This flexibility in terms is not offered by traditional banks. When it comes to customer-centric deals, you will hear no Cresthill Capital complaints!

Speed and Availability

Besides flexible terms and relaxed requirements, alternative lending sources win over traditional banks in the speed and easy access to financing. Banks aren’t usually equipped to fast track an application; in fact, they are generally disinterested in doing so for small businesses. The reason being, it isn’t beneficial for them.

But an alternative lending source, like Cresthill Capital/Mantis Funding, takes pride in their fast processing and disbursal. For time-sensitive financing, alternative sources are the best bet for small businesses, no doubt.

Have you considered financing from an alternative source? How was your experience? Let me know in the comments below.

Small Business Funding: Facts Versus Myths

For a first time entrepreneur, obtaining capital funding might be quite an intimidating, confusing and overwhelming process. With so many types of funding options available, different terms, cost structures, and also differing experiences, it might be useful to shed some light on what is really the truth in the financing world.

Perfect Credit and Large Financing

Business owners of startups are made to believe that only if they possess a spotless credit history will they have any chance of qualifying for a small business funding. While this may be true to a certain extent, most non-bank fundings are also approved on not-so-perfect credits. Short term cash advances from non-bank financing companies are even easier to obtain compared to the traditional bank funding.

Another myth is that financing for small businesses is only available for large amounts of money. Large scale business funding is usually preferred by traditional lending banks so that it is worth the time and investment. However, alternative financing companies like Cresthill Capital also offer very small amounts of cash advances to help businesses to meet their needs or take care of a sudden expenditure.

Long Wait And Collateral

Seeking funds from a bank generally requires months of careful planning and submission of the application well in advance. Sometimes though, cash may be required really quickly, something that may not have been possible many years ago. According to Cresthill Capital Reviews, nowadays, most small business owners can complete the entire process online within a short span of time. If all the documents are ready, the amount will be sanctioned as soon as possible.

Another notion with regard to finances is that tying up assets or collateral is imperative in order to obtain capital funds. This may seem like an area of stress for many entrepreneurs who don’t have assets of value. The solution available is to gain an unsecured merchant cash advance or a business line of credit from non-bank financing companies that do not require collateral at all. What they do need, however, is a positive revenue stream that ensures the business owner can repay the balance owed.

Customized Funding Options

Business funding requirements are not the same for everyone. Your business requirements and costs of setting up or production might be different from others. That is why before approving an application, most alternative financing companies like Cresthill Capital go through your business plans in detail, perform background checks, and analyze your actual needs versus your ability to payback. While it is easier for small business owners who have existing credit to get approval, it isn’t that hard a process for a newcomer too.

Cresthill Capital Reviews every application from the entrepreneurs closely and strives hard to make their expansion dreams come true.

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!

Non-Banking Funding Institutions And Their Benefits

Most business owners automatically think of banks when it comes to their funding needs. While that may still be the most widely accepted approach for large scale business owners, various small and micro business owners find the option of nonbanking funding institutions like Cresthill Capital more suitable for their needs.

These institutions do not have a standard banking license and hence do not deal in holding deposits made by the public. That said, they offer other services like lending small amounts of advance cash based on borrowers credit profile, financial consulting, etc.

Recent times have seen a surge in the growth of such capital funding nonbanking institutions offering serious competition to renowned banks.

The advantages
Nonbanking funding institutions like Crest Hill Capital LLC are a big help to small scale business ventures with an ongoing profitable business but looking for instant access to cash flow for funding their growing business needs. Compared to banks, they offer major advantages like faster processing and availability of cash, flexible repayment options and willingness to take up high-risk investments.

Most business owners are already aware of the multiple challenges that they face when looking for funding from banks. This is perhaps the biggest cause which makes nonbanking institutions like Crest Hill Capital LLC a more convenient option to consider.

Simple application submission processes (without the complicated paperwork as needed in banks), effective teams that offer one to one customer connection as well as the rapid transfer of funds to the bank accounts of business owners make them the preferred choice of most merchants.

Easy repayments
While banks do offer attractive cost structure, the payment terms are often pretty rigid leaving minimal options of flexibility for merchants. However, capital funding companies like Cresthill Capital offer flexible payback options like split withholding where a percentage of the credit card sales are used for monthly/daily pay back the lending institution.

The overall option is significantly more convenient for small scale business owners in need of urgent cash along with easy repayment options that don’t hit hard.

There have been almost negligible instances of witnessing Cresthill Capital complaints from customers/business owners in aspects of repayment of the advance cash advance. This is perhaps one of the most important aspects to check upon when choosing a dependable nonbanking financial institution for your business funding needs.

Crest Hill Capital LLC- A dependable option
Customers often find negligible reasons for reporting Cresthill Capital complaints owing to the high efficiency as well as the capability to manage all types of funding requests. Understanding the needs of its customers, the organization offers multiple programs that are designed to meet their business needs.

While choosing a dependable capital funding organization, it is also important to check the overall market reputation as well as the team structures of the organization.

Leading capital funding institutions like Crest Hill Capital LLC have experienced professionals as a part of their team along with access to the necessary tools and technology required to meet customer needs. Additionally, since a quick response to customer applications is a criterion that attracts business owners, it is important to ensure the same before deciding on a partnership.

Quick Advances To Qualifying Companies By Cresthill Capital

Cresthill Capital is a capital funding company that dispenses merchant cash advances only. They do not give advances to start-ups but only to established businesses who are yearning to expand but do not have the funds to do so. Cresthill Capital investigates the business revenues of the company that wants the advance and based on their finding they decide to help them out or not.

Unlike big banks and traditional companies, they require only basic documents and once the company is found to have qualified, the merchant cash advance is quickly credited into their business account. This is to ensure seamless conduct of business without any unnecessary glitches.

Shore Up Your Working Capital With Cresthill Capital

Cresthill Capital finances independent sales organizations or ISOs, resellers, and small businesses. This is in exchange for a percentage of their credit and debit card sales along with a fee. The repayment is done daily until the full amount is repaid. Your credit score or your lack of collateral does not matter to the experts at Cresthill Capital.

It is important to note that this is suitable only as a short term financing technique. This method of financing is suitable for a wide range of businesses. It may be necessary to shore up your working capital, for unexpected emergencies and debt payments, for inventory purchase, or for other reasons.

Expansion Plans With Cresthill Capital

Starting a business is not easy. You probably have to invest all your savings in setting it up. When the business takes off and you find that your services or products are in demand, it becomes necessary to expand the business either by adding in equipment or personnel. Either way, this involves money which you do not have. Your bank may be unwilling to risk advancing you money since your credit score is not healthy.

It is at such times that merchant cash advance companies such as Cresthill Capital come to your rescue. They advance you the money with minimum investigations with the only caveat being that a percentage of your daily credit card and debit card sales is given to them. It would do well for you as the business owner to do your own homework and check out any reviews about the company before you go into an agreement.

Finding The Right Funding Solutions For Small Term Operators

Cresthill Capital reviews have generally been positive In the event of negative reviews, they take efforts to address it and rectify whatever has gone wrong. Their team of professionals is drawn from different backgrounds and have detailed knowledge of different types of industries. This helps them to find the right funding solution for each company that approaches them.

My Business Took Off Better Than Expected, But I Need Funding to Grow

Starting a new business and having it take off better than you expected is always good news. The only problem is you may not be able to handle the increased business yourself. Depending on the business, this may not be a big problem, but if your business is software services, like building websites, you may need help. You also have to hire someone that is skilled.

You could take on freelancers for the short term, but you know that you will need a full-time employee. Even if you can make do with freelancers you have to pay them and they will likely want some of the payment upfronts. Though you set aside funds for software costs and more hardware, you weren’t expecting a payroll expense and the software or service you may need to handle that. You want your business to keep growing, so you don’t want to turn down work. What do you do now?

Can You Go to the Bank for Help?
Banks aren’t always willing to give you a cash advance for this type of problem. After all, they have no guarantee that after this sudden boom the customer base will continue to grow or the customers you have will continue to need you, though you know they will. Websites cannot be static or they will fail to bring in the business your customer is looking for.

This is where a capital funding company like Cresthill Capital comes in. These companies are dedicated to helping micro and small businesses get the funding they need to get over these kinds of unexpected changes to your business.

You need enough money to cover the salary and the software or service to handle the payroll that you are now responsible for. You have set up your business so payment from your customers is expected 30 days after the product is delivered and accepted.

Once these accounts start paying regularly, you will be able to handle the additional expense, but until them, you need a merchant cash advance to pay the person you hire and secure and set up the software or service for your payroll.

How Can These Companies Help Me Fast?
Cresthill Capital reviews your revenue stream and receipts and also review how you allocate these funds to reinvest in your business and to pay yourself. In this case, they would also review the salary you intend to pay to see if it is in line with current practices. Once you are considered to be a good risk, they will work out the repayment details.

Once the contracts are signed you can have the funds you need within hours and you can confidently hire your first employee. Prior to signing any contract, make sure you look up things like Cresthill Capital complaints. This will show you how the company you are considering handles people who are not happy with the decisions they made.