cresthillcapital-blog

[cresthillcapital-blog]

What are the Various Ways of Using Alt-Fin Services?

Funding is the secret of SME’s energy! Small and medium businesses often require additional funds to survive in the market. Also, these funds play a huge factor in their near future growth.  

Besides, these funds help them to pounce on an expansion opportunity. However, getting this quintessential factor is the hardest thing for an SME. How? The Great Recession of 2007 created a burden on the world’s economy. As a result of that, the traditional channels tightened their terms and regulations.  

Due to that SMEs ended on the wrong side of that. Now, for funds, you need to boast a good credit score and show heavy collaterals. What if you don’t have either of them? Then you need to wait for days only to see your application rejected.

So, what should an SME holder do in such a situation? The answer is alternative funding. When it comes to easy to secure funding, less waiting period, and hassle-free paperwork, alternative financing is the best thing to opt for. These firms rarely care for your credit score and collaterals. All they care about is to help your venture grow. Firms like Cresthill Capital are working tirelessly to make sure that SMEs don’t struggle in a market which is very fickle.

Let's understand how you can use alternative financing wisely to grow your business.

1.  Adding New Equipment:

If you are not looking for long term use then it is best to rent equipment. However, if you plan to do otherwise, it will be wise to opt for Equipment leasing. This service helps you to upgrade your service and enhance your productivity. Or you can use cash advance services of alt-fin firms like that of Cresthill Capital.

Besides, investing small amounts and using alternative financing can build your ROI. Also, reading blogs and sections like Cresthill Capital reviews will give you more information about this service.

2.  Build Your Digital Presence:

The future is online! This is a phrase that you must be listening to very often. This is the time you implement that. Your competitor is just a click away. This is the reason you need two things: one, bring your services online, and two, to build your online presence, you need to invest in professionals. In this way, you can leverage their marketing strategies on different social platforms, build an engaging website,  spend a bit on Adwords and run paid ads to see your audience and presence grow.

For this, you need to keep aside a substantial amount from your budget. However, it will be wise to opt for cash advance services from alt-fin services like that of Cresthill Capital. Also, you can visit a few blogs and alt-fin firms’ websites to know more about this service.

3.  Lessen Your Burden and Pay Your Debts:

This is the best way to achieve smoothness in your finances. Debts create an unnecessary burden on your firm’s finances. You can either use your hard-earned reserves for this or you can opt for alt-fin firms services that have flexible repayment structure to clear your debt. Considering a few cases, we would suggest that you should opt for the second option. The reason being, reserves are always for a fall-back situation. In no way, you would want to dry that base. Whereas, you can easily pay a part of your monthly or daily income to an alt-fin firm while keeping your savings intact. Reading sections like Cresthill Reviews will give you a better understanding of how to deal with the repayments and its negotiation.

[cresthillcapital-blog]

A Look At How Evolving Fintech Is Powering The Growth Of The Alternative Financing Industry

The evolution of fintech has brought in a revolution in the financing industry. The fintech industry is creating disruptions in the way people did business even a few years ago. But now its growing power is helping the alternative financing industry flourish as well. Although still in a budding stage, the fintech industry has already made a significant impact in the alternative financing industry.

The effect on the alt-lending industry is so profound that over the last decade, the two terms - fintech and alternative financing - have almost become synonymous. Alt-lending institutions powered continues to deliver different financial channels powered by technology, specially harnessed, to serve the financial industry.

Technological innovations such as AI, machine learning, and cloud computing have been critical for the success of fintech and has contributed to the climbing growth rate of the financing industry. This, in turn, has benefitted both the lenders and the borrowers.

While lenders are looking for a uniform process to scale their business by leveraging technology, borrowers are leaning more towards alternative financing because it is fast. The user-friendly portals and the ease of submitting documents are encouraging more borrowers to favor alternative financing. Once all the information is submitted online through portals or emails, they get checked and verified at the back end through automated systems.

Why are small business owners leaning towards alternative financing?

The fintech the revolution has brought alternative financing into the limelight. Since most of the alternative finance lenders leverage technology to underwrite, the process is much faster than a traditional funding system.

Because most of the processes are technology-driven, approvals happen at a much faster rate. For example, Cresthill Capital offers funds as quickly as 4 hours or up to 3 business days after the submission of the application.

Alternative funding does not work on stringent guidelines. Hence, SME owners who are looking for cash flow to boost their businesses find alternative funding more convenient.

Easy and accessible cash makes it faster for small businesses to scale up. For example, Cresthill Capital reviews confirm stories of many small business owners who have benefitted from their cash boosts to grow their business.  

Different types of alternative financing options

In the world of Alt-fin, one size doesn't fit all. Fintech has made it easier for alt-lenders to build and manage different funding options to suit different business scenarios and requirements. Here is a quick glimpse at different alternative financing options:

Merchant cash advance:  It's an advance on your estimated future earnings. The advance is paid back with a predecided portion of your daily sales. So, the payback amount is flexible, which depends on your revenue along with a small lender's fee.  

Equipment financing: This is pretty straight forward. If you need any equipment to grow your business, you can get equipment financing for a 100% down payment.

Invoice financing: Also known as account receivable financing, it is a popular alternative mode of financing that gives you advance on the money, you are owed. This means you don't need to wait till the month-end to receive money from your customers.

The bottom line: Is that most of the advantages of alternative financings - such as speedy processing, flexible offers, hassle-free approvals - wouldn't have been possible without specialized technological interventions. The rise of fintech has mirrored the advancement of the alt-lending industry. The ultimate effect is that capital is now available to everyone

! If you are a hard-working business owner with a profitable business, then there is no reason why - with alt-fin - you can't get hold of capital to grow your business further!

What are your views on the role of technology in the financial sector? Do you think fintech will evolve further, and will the borrowers see a further benefit? Do tell us what you think in the comment section below.

[cresthillcapital-blog]

Opting For Cash Advance: A Wise Decision For Small Businesses

No matter what is the size of a business, at some point in its journey, it will seek options that can finance it at the time of crisis. However, with a plethora of options available in the market, there seems to be an air of doubt when businessmen try to focus on a financer, which can be deemed the best fit for their small business.

Historically, a merchant cash advance has been for those businesses whose revenue source is mostly through card swipes. Most of them were restaurants or retail shops. However, the latest trends have seen a change in the game in a way that merchant cash advances like Cresthill Capital/Mantis Funding are playing a pivotal role in other businesses as well.

Why there is a need for fast cash? Despite the fact that there is a rising popularity of cash advance, there is a question that raises a doubt in the minds of businessmen and, that is- why there is a need for fast cash?

Be it any venture of any scale; money plays a very crucial part in determining how smooth the firm is going to operate. Lack of cash can turn out to be a bad dream for any businessman. It can have an adverse effect on the day to day tasks of a business, and the worst part is that they cannot be predicted!

This is the reason why opting for alternative financing makes sense for businessmen. Firms like Cresthill Capital/Mantis Funding are there to play a vital role in transforming small businesses from a cash crunch situation to a stable one.

More so, they play a pivoting role in offering great deals to SMEs in multiple ways. These ways include merchant cash advance, capital funding, etc., mostly depending on the demand of the situation. Why is it a wise decision for small businesses to opt for alternative financing?

These alternative financing firms have brought a positive change in the finance industry. The option of a cash advance has improved the quality of work and the customer service of small as well as medium scale business owners. However, what has stood out for these business owners are the distinctive features of a cash advance. Let’s have a look at them:

Quick and Simple Process: While banks and other traditional sources take weeks to get the application underway, alternative financing companies prefer going online for their application process, thus, making it efficient and quick in terms of transferring money to the applicant. Furthermore, there is no need for the applicant to stand in a queue or wait for days to sign endless papers. 

Companies like Cresthill Capital/Mantis Funding believe in having a simple online application which requires simple business details and, this also resonates well with the need of the applicant.

Customer-friendly: This is the best thing a businessman would want in a funding company. Unlike banks or other traditional sources, they are not rigid in terms of their repayment options.

Moreover, if a businessman encounters some problems with the process, they have a constant active helpline just like Cresthill Capital Complaints, where they can comment to see the company taking action in no time.

[cresthillcapital-blog]

Now Get Rid Of All Your Funding Problems In A Few Clicks!

Cash flow challenges are something very common in the lives of small business owners. Right from the day, they came up with an extraordinary business idea to years later when they strive to stay upright in the competitive market, getting funds for their business is a task that is no less than a full-time job. Be it an expansion of their business to the next level or buying of new equipment, or stocking up of raw materials before a peak season, every bold move in business requires FUNDING.

A few years ago, there were just two main sources of business capital. Where the first one was your own savings, the other happened to be none other than the banks. Undeniably, both these ways of business capital funding are not so reliable.

You ask why? Well, that’s probably because when you are a small business owner, you are not so financially stable and as far as the banks are concerned, the water-tight regulations and standards look for collaterals and high credit scores. Thus, over all these years, those who owned small and medium scale businesses faced a lot of hard times that even resulted in an enclosure in a few cases.

However, with banks tightening their lending processes, there evolved some new “alternative” sources of lending. In the last decade, an entirely new industry sprang up with the help of digital innovations like never before. This is when alternative funding companies like Cresthill Capital/Mantis Funding came up focusing on filling up the funding gaps of the small and medium scale business owners.

Non-bank financing companies have actually transformed the future of small and medium scale business owners with their outstanding qualities and customer service. Among all the qualities, the most primary ones that make their service stand out from the traditional lending options, including the following:

Faster Processing: One of the key factors that make alt-financing special is none other than speed. While traditional funding sources like banks take several weeks just for processing your application, online alt-lenders can transfer money into your account within just a couple of days.

Flexible Options: The best thing about alt-financing is that there are no set of regulations of the funding options or even repayment methods. For example, if you look up for “Cresthill Capital Complaints” instead of negative comments you’ll find people happily utilizing funding ranging from 5k to 500k and more. So, basically, everything here is customizable as per your business needs and situations.

Simple Process: Unlike the banks, you don’t have to deal with endless paperwork and months of waiting time when you choose a good alt-financing company like Cresthill Capital/Mantis Funding. Just a simple online application process providing all your business details or a call with a company representative can do it all.

Currently, financing for a small business owner in the USA has become as easy as eating an apple pie. A few simple clicks are all that you need to get the desired amount of funds wired right into your account. Undoubtedly, all this has been possible only because of the quick and flexible financing procedures implemented by the renowned alternative lending companies.

[cresthillcapital-blog]

Non-Banking Funding Institutions

One automatically thinks of banks when it comes to business funding. While that may still be the most widely accepted approach for large scale business owners, small business owners find the option of non-banking funding institutions like Cresthill Capital more suitable for their needs.

These institutions do not have a standard banking license and hence do not deal withholding deposits made by the public. That said, they offer other services like lending small amounts of advance cash based on borrowers' credit profiles, financial consulting, etc. Recent times have seen a surge in the growth of such capital funding.

Why Non-Banking Funding Institutions Are Preferred

Non-banking funding institutions like Cresthill 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.

Business owners are already aware of the multiple challenges that they face when looking for funding from banks. This is what makes nonbanking institutions like Crest Hill Capital LLC a more convenient option to consider. Simple application submission processes, 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.

Convenient Repayment Options Are Offered

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 Crest Hill offer flexible payback options like split withholding where a percentage of 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 business funding needs.

A Dependable Option for All Customers

Customers often find negligible reasons for reporting Cresthill capital customer service 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 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.

[cresthillcapital-blog]

Get your all funding and finance related questions answer.