How small and medium businesses can scale their business with the help of alt-fin companies.4/20/2020 Scaling your business is a very tricky thing, especially when you are a small or medium scale business owner. The lack of funds can hamper your business and the scaling process. And, given today’s scenario, it is pretty hard to access funds easily. Besides, the situation of the market is not very good. Recession is imminent, and there is no doubt over the fact the banks will be looking to tighten their terms and regulation for SMEs. Also, the ask for substantial collateral and credit scores is going to the need of the hour for them. In such a scenario, where light seems to fade away, alt-fin firms like Cresthill Capital rise to become a small or medium scale businessman’s ray of hope. These firms help an SME holder with the exact amount of funds, and with flexible repayment procedures, they ensure that the capital flow of these SMEs remains as smooth as possible. However, when it comes to scaling, everyone needs a roadmap. Hence, this article is the exact thing you need to know how to plan the scaling of your business. Make a plan and work to execute itA concrete plan is needed to scale your business. Collaboration and developing management skills to identify potential customers and partners are an essential part of that plan. Promoting and developing are other factors of scaling your business. Last but not least, focus on mastering the potential areas that can help you to build your business, and once you have mastered it, you can design a plan around it. Once planning is done, you can target to execute the plans. In this way, you can look for the right funding options. Opting for the market survey is also a good idea as it gives you an insight into the current scenario, take an instance of Cresthill Capital. When it comes to alt-funding, Cresthill Capital is the best in the business and has built a strong reputation for offering flexible cash advance services of different sizes. The best thing is that they provide funds without asking for your credit scores or collateral. Besides, they rarely reject an applicant and provide funds within 2-3 days of application approval. In case there is an urgency, they will provide funds in a matter of a few hours of approval. And, the main thing, their procedure is smooth and hassle-free. Hence making it lite for the businessman. Looking into different services of alt-fundingLooking into different services of alt-funding is also a part of your planning and execution. Understanding each service is very crucial for scaling your business. Nevertheless, here are two services that are best for small and medium scale businesses: Merchant cash advance:Without a doubt, one of the most popular and best services of alt-funding for a businessman. With firms like Cresthill Capital, you can avail of a lump-sum amount that can have a flexible repayment structure on your daily card sales. Equipment financing:Next best thing for an SME holder. In this method, you can obtain a 100% advance of the value of the equipment. If you intend to use that equipment for a short-term purpose, you can then opt for equipment leasing.
In case you feel confused regarding the services, these services have provided sections like Cresthill Capital Reviews where you can read about the different types of services and their benefits.
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In the last decade, alternative financing firms have been a blessing in disguise for small and medium cap businessmen. The fact that banks’ tough regulations do not allow them to access funds, which can be used for their venture’s growth and implementation of new ideas, do play a key role in tilting the balance in the favor of renowned alternative financing firms like Cresthill Capital. Since these firms are flexible in their approach, they have a high percentage of application approval which is also a factor that helps in people favoring them over traditional channels. Apart from that, they have shown that transactions of funds from an institution to a businessman can happen quickly and efficiently. So, taking no more time, here are three major alt-financing options, that can boost the growth of a venture, that is must for a businessman to be aware of: Merchant Cash AdvanceIt is difficult for an SME owner to either have a great credit score or collateral or both, especially after knowing their various day to day requirements. What’s worse is that banks don’t understand this aspect and are tough to deter from their rules and regulations. In such a case, firms like Cresthill Capital offer merchant cash advance to the businessman. This option is designed to safeguard the future earning of the businessman. In this, the firm provides the applicant with advance cash for his business, which can be used to maintain the cash flow and operations smoothly. Further, this kind of service helps in maintaining the cash flow smoothly along with a customized repayment process. Purchase Order FinancingIf a businessman is facing an issue where he is unable to fulfill the incoming orders due to a lack of capital then, this kind of financing is exactly for such cases. Alt-financing companies like Cresthill Capital reviews an application and provides the necessary capital dependent on those incomplete orders. This kind of financing can help in skyrocketing a business by providing the funds that can be used to fulfill the order invoices. In this way, the extra money left can be used to buy new stocks, reinvent the inventory, etc. Regardless of what are the needs, this type of financing is a unique way of optimizing the previously obtained business which can be used to get the capital a businessman is targeting to expand and develop. Accounts Receivable FinancingThis is tailor-made for businesses which are operated on generated invoices. Alt-financing firms like Cresthill Capital helps in buying those receivables and further, assists in advancing the business up to 90% of the receipt sum. These organizations don’t judge on the basis of your credit or collaterals, they focus on your past few months transactions and different factors that give them a handful insight into the client. Apart from these, there are many more services that can assist businessmen in growing their business. However, as per recent Cresthill Capital Reviews, one thing is clear that there are many advantages of dealing with an alt-fin firm that provides quick approval of the application, flexible cost structures, low repayment, and freedom of usage.
Funding is an essential aspect of growing a business. Whether you are a small or a big business, you will require financing sooner or later to expand the business, try new opportunities, or start a new line of business. Although there are lots of funding options available for companies, each has its own set of rules that you need to pass through and qualify to get your application approved. Since each funding option has its own eligibility criteria, it becomes a bit uncertain for businesses if they will qualify or not for the funding. In such a scenario, an alternative SME funding deal is ideal for small business owners. At Cresthill Capital, we come across many small business owners who think they will not qualify for alternative SME funding deal because they have been looking at the wrong place all this while. If you, too, have a similar thought, then do check the Cresthill Capital Reviews where you can find experiences of many small business owners who have qualified easily for an alternative SME funding deal. To qualify, you don't need to have a strong financial background or operate in the business for decades. Depending on the industry you're in, your monthly revenue, and what your financial projections are, you can opt for alternative funding. There are plenty of lenders with different lending options. Depending on your needs, you can easily qualify for one. For example, if you are just starting a business, there are alternative SME funding deals you can opt to kickstart your business. These are usually through angel investors or through crowd-sourcing platforms. For deals that help established businesses, do read Crest Hill Capital reviews for details. In case you are planning to start a new line of business, want to attend a seminar, or give your marketing reach a boost or are going through a fund crunch, opt for a merchant cash advance that will help with your temporary cash flow. Need to purchase a piece of expensive equipment to speed up your delivery process? Check out Cresthill Capital for equipment financing. Even better, go for an equipment leasing if your requirement is short term. Qualifying for alternative SME funding is not difficult, and that rightly justifies its popularity. Here are some more advantages alt-fin offers to small businesses -
Have you recently qualified for an alt-fin deal? Do share your experience with other readers in the comments section below.
The alternative financing business has been in the market for more than a decade now and with the experiences that all small and medium scale business owners have had, one thing is for sure. Any business at any scale is challenging in this world but access to liquidity can easily boost the chances of its growth and expansion without any doubts. Probably this is why with traditional financing institutions tightening their rules, several alternative financing companies like Cresthill Capital/Mantis Funding spread across the market increasingly. Today, in this crowded alt-fin industry it might really become difficult for you to find a trustworthy and reliable funding partner. But not anymore! As we are going to tell you the top three factors that differentiate an ideal alt-fin partner with others in the crowd. HonestyMost of the small business owners are skeptical before approaching an alt-funding company as they fear of hidden charges, added fees, complex procedures, high-end techniques, etc. Basically, all they expect from their funding partner is nothing except honesty. Thus, we at Crest Hill Capital and Mantis Funding have set a high standard of truth and honesty while closing deals. Our idea is to provide a complete picture of the deal so that none of our clients come up with Cresthill Capital Complaints. This not only helps us gain a long-term partnership with the client but also boosts word-of-mouth in the market. FaithWhen a business owner agrees upon an agreement while understanding that just one signature can tie him down to years of obligation, faith and trust are the prime deciding factors. While there might be a handful of non-bank companies that keep their clients in dark, we at Crest Hill Capital and Mantis Funding keep your trust at the top of our priority. We are so concerned about your satisfaction that we even provide you a dedicated platform where you can submit your Cresthill Capital Complaints if any. This not only helps us build a good reputation but also brings more customers. ClarityAnother vital characteristic that trustworthy companies like Cresthill Capital/Mantis Funding possess is that of complete clarity or transparency. As you know, a client who is well-informed happens to be the happiest one in the long run. For example, when you make a decision with absolute clarity, you become more confident eventually. It is quite simple that when an alternative funding company provides you with an irresistible deal with justified terms and flexible cost structures, you can never refuse to say yes. As a matter of fact, none of us wish to get trapped in jargon and tricky languages used in complex contacts offered by lenders. Thus, it’s important to check these features in every company when going for alternative lending. Believe it or not, alternative lending is as simple as a piece of cake. However, all you need is just a trustworthy and honest funding partner like us.
The alternative financing industry is fast emerging as one of the most massive sectors around the world, backed by the power of modern technology. As per the Statista report, transaction value in this segment, in 2019, was close to USD 267,123.6 million. This value is expected to show a further annual increase of 10% (CAGR 2019-2023). With numbers running in its favor, let us take a closer look at the alternative lending industry as we approach 2020. Let's delve into the trends that this financing segment might witness over the next decade. What does alternative lending mean? Small and mid-sized businesses often struggle with getting financing for their growth plans. Traditional banks have an arduous process and strict terms like heavy collaterals and high credit scores that not all start-ups can meet. The situation intensifies when the company has an excellent time-sensitive growth opportunity at hand but is held back by a lack of capital reserve and established lines of credit. This is where alternative lending sources step in. Unregulated by a government regulations, alternative lending sources provide much-needed capital flow to start-ups. For instance, Cresthill Capital and Mantis Funding provide financing without collateral and credit scores. Definitely, alternative financing options have boosted the start-up culture incredibly. Talent and opportunity no longer need to die at the hands of the capital crunch. Trends in Alternative Lending Industry in 2020 As we inch closer to 2020 and with the emergence of reports indicating a shift towards alternative financing industry, there is a lot to be analyzed about the lucrativeness of alternative lending sources. The next decade is definitely going to be remarkable as we'll see alternative financing becoming plan A from plan B. Here are some of the exciting trends that the oncoming decade could bring. The emergence of Artificial Intelligence and Machine Learning in faster loan processing Alternative lending sources draw more affinity from small and medium-sized businesses due to the ease of financing and speedy disbursal. Where traditional banks stutter due to regulations, alternative lending sources sail past smoothly. In the next decade, we will be witnessing some fantastic technological implications in the FinTech world. Alternative sources would use Machine Learning and Artificial Intelligence to speed up the credit approval process further. AI advancements would improve customer experience and streamline the process. No more being dependent on the sole discretion of the credit approval officer. The AI applications would trickle down from sophisticated high profile companies to ordinary lenders. The robust alternative lending decision The decision to approve a financing request application is already witnessing an undercurrent. The next decade is going to further solidify the lending decision through a more mature and robust model. Creditworthiness would no longer depend solely on the customer's credit score, income, or FICO score. Futuristic ways to gather alternate data, like digital footprint analysis, social media networks, and psychometrics, would help pool together the financial and social data about a potential client. There are Tech companies already aggressively working on the concept. 2020 might actually be the start of a new renaissance in the lending industry. Customized offerings One of the most influencing factors in the success of an alternative lending source is the user-friendliness of the delivery channels and the lending infrastructure. This is where a lot of nationalized banks fall behind in the race. Topping this, the alternative lending industry would experience the beginning of a new era in the 2020s, wherein customized products and financial solutions would become the most sought after. Cresthill Capital and Mantis Funding are already working a step ahead by offering cash advances of different sizes without basing it on credit scores. The new advancements would help in scientifically matching a customer's profile to the most appropriate pre-baked financing offer/ product that can be tailored further as per need. To conclude, the 2020s decade is going to be very exciting for small and mid-sized businesses, who'll be further financially empowered through the new, smarter, and advanced alternative lending industry.
If you’re a small business owner interested in working capital to remain operational or profitable, finding unsecured funding options can be near impossible. Did you know that you can convert future receivables into working capital with the help of a company like Cresthill Capital?
It all works on the principle of a merchant cash advance. Here’s a run through the basics of merchant cash advance and tips to help you decide if it’s the right choice for you. No Need for Credit Score or Collateral A merchant cash advance is not a business fund that you typically obtain from a bank or traditional money lender. Traditional money lending sources take into account your credit score to decide if you qualify for application approval. In the merchant cash system model, the lender does not consider your credit score or collateral. The lender takes into account other factors such as your past and current sales track record. If you have healthy revenues coming in, you are in a strong position to qualify for a merchant cash advance. Repay Via Future Receivables In the merchant cash advance model, you get a lump sum amount that is directly credited into your business bank account. In return, you commit to paying a certain percentage from your sales to the lender until the lump sum amount and associated fees are repaid in full. Cresthill Capital is an experienced company that works as a liaison and matches small business owners in need of working capital with appropriate MCA lenders. The company makes an offer for proposed funding and if you agree to the terms of the offer, advanced funds are directly transferred to your business bank account. How to Prove Credit Worthiness It’s easier for small businesses to qualify for a merchant cash advance than for bank funding because a good credit score is not the criterion to evaluate qualification. In effect, future sales are the security that MCA lenders take into account. Cresthill Capital advisors work efficiently and enable eligible small business owners to get funding quickly and without hassle. You can request working capital funding based on your cash flow needs. All you have to do is provide basic business information and documentation that includes proof of past and current sales. Another advantage is that you can obtain flexible terms and competitive offers. You may be able to repay the MCA quickly if you have strong revenues coming in. Is It Appropriate For You? A merchant cash advance could be the perfect solution for your working capital needs if your business is healthy and profitable. But if your business is a start-up or you’re struggling with sales and revenues, an MCA may not be the right choice. You find it harder to qualify for a merchant cash advance and if you do manage to find a funding source, you may struggle with repayments and associated fees. This could potentially make it harder for your business to return to profitability. Final tip – look up Cresthill capital reviews and customer feedback. If you have questions, get in touch with the company Small and micro businesses face multiple challenges in their daily operations. Managing a constant flow of cash is perhaps the biggest one of them. While large business owners find it relatively comfortable to utilize the services of a bank, the same is not generally true for micro business setups where instant cash advances of very small nature are often required to tide over an emergency situation. This is exactly where non-banking funding institutions like Crest Hill Capital LLC that deal in lending merchant cash advance come in the picture. The need for working capital Working capital advances are often sudden. A micro business may not have sufficient handy funds to finance day to day operations, especially in the event of emergencies. A micro business might have sudden needs like business expansion plans, a sudden increase in costs of products, an increase in wages or even in cases where companies have seasonal sales of products. Getting finance from bank is often not possible instantaneously. Additionally, banks are often not too keen to entertain such small amounts. Merchant cash advances that are provided by capital funding institutions like Crest Hill Capital LLC save the day in such cases. Since the merchant or business owner has to pay back a portion of their credit card sales on a daily/monthly basis, the overall equation is pretty convenient for borrowers. Managing their cash flow is more comfortable than traditional banking scenarios where a fixed monthly amount needs to be repaid, irrespective of how the business sales are going at that point in time. Easy and Flexible repayments So what makes these capital funding institutions or merchant cash advance lenders so popular with small and micro business owners? Well, as mentioned earlier, the easy and flexible payment options as provided by “split withholding” wherein the merchant only has to split up a small, pre-agreed percentage their credit card sales are provided for. The method takes into account the overall daily/monthly repaying capacity of the merchants, thereby making it convenient and flexible for them. Needless to say, and for obvious reasons, most capital funding companies like Cresthill Capital review the past sales records of the merchant and check their overall credit card history before entering into an agreement. Choosing Crest Hill Capital LLC While the introduction of merchant cash advance system is only recent, it has been widely appreciated by small business owners across the globe and has seen huge popularity within certain sectors like hospitality or retailers. Most leading lenders like Cresthill Capital review and work with card terminal providers to get a fair assessment of the past business generating records of the company. This is often also a criterion that is kept into consideration when deciding a repayment percentage with the borrower. That said, the borrower always gets the flexibility of discussing repayment percentage terms with the lender. Since the money is deducted at source and also based on the monthly merchant sales, there is no pressure on the business owner to repay a fixed amount every month. All said, various capital funding institutions work only with limited terminal providers. This is the reason for huge popularity for leading companies like Crest Hill Capital LLC who work with a wide range of terminal providers as well as merchant sectors and offer their customers personalized services that ensure efficiency and optimal repaying convenience.
You decide to follow your dream and start up your own business. You knew it would be challenging and you’ would have to deny yourself many of the extras you used to buy but you don’t care. You are doing what you love and you are your own boss. You had a good business plan and set up in a good location. Now you have developed a loyal customer base and they are in turn, telling their friends and family. Things have been going well for the last couple of years, you’ve put aside money anticipating increases in rent, license fees, and other base business expenses, but what you did not anticipate was that within two blocks of you, two other shops would open up doing the same thing you do. You always understood that there would be competition, but this was a little more than you anticipated. It became clear that you would have to do something to set you apart from your competitors. You Don’t Need That Much Money You know the service you can add and you also know the market for it is there and in the area in which you already operate. But you will have to purchase some more equipment and hire an employee, if only part-time, to perform the service. Your family can not help you with the amount of money you need and you would rather not owe multiple people anyway. The bank was not interested and you are now stuck, so where do you go to get a short-term merchant cash advance? Fortunately for you, there are companies out there that do just that. They provide merchant cash advances to established businesses that simply need a hand up due to an unforeseen problem or simply so they can expand. A company like Cresthill Capital performs this service. They give merchant cash advances to businesses that have a proven financial track record. Do you have to be worth millions? No, they exist to help small and micro businesses over the rough patches that every business experiences. How Does It Work? When you contact them, Cresthill Capital reviews your receipts and revenue stream to ensure that you have a steady revenue stream. They will see how you handle that revenue stream, such as you putting money aside in anticipation in basic business cost increases, how you reinvest in your business and other factors.
If they consider you a good risk, within hours of signing the contracts you will have the funds you need deposited into your bank account and you are on your way. However, before you decide on the best capital funding company, make sure you check them out. Look up things like Cresthill Capital complaints to see how problems were managed in the past so you know what type of customer service to expect. The merchant cash advance industry is really booming and this is because the economy is slowly regaining its ground. Merchants and industries are feeling more confident about businesses taking off and are going ahead with expansion programs and new projects.
Merchant cash advance lenders are providing advances to businesses that have been rejected by conventional financial organizations and banks. ISOs or independent sales organizations are also branching out into this industry and finding it quite lucrative. They team up with merchant cash advance lenders such as Cresthill Capital who provide them with the funds they require to do cash advances to small businesses. Beneficial Partnership between ISO and Merchant Cash Advance Lenders The partnership between merchant cash advance lenders like Cresthill Capital and ISOs is beneficial to both as ISOs usually have better knowledge of the customers that money is lent to. This is based on all the information shared during the application process. The small advances made by them help to keep many a business afloat especially those that need an urgent dose of funds. ISOs have a wide network of clients and if any of them need critical financial advances, they act as a link between the lender and the businessmen. This is possible because the ISO has good credibility with both the lender and the borrower. The ISO is the channel through which communication happens between the businessman and the lender. Functions of an ISO in the Lending Business The ISOs are service providers and work with different merchant cash advance lenders and help them to expand their lending network. At the same time because of their network, the ISO is able to identify businesses that are struggling for want of working capital and they help them to get funding really fast. They ensure that the processing is undertaken correctly without any slip-ups. The ISOs and lenders like Cresthill Capital first connect with the businessman to determine if he needs a merchant cash advance or a business loan. It is important to get all the details in the beginning itself to ensure that the merchant gets the right type of financial help. Good communication between the ISO and the lender is paramount to the establishment of a good business partnership. Benefits in Using the Services of an ISO Financial reviews reveal that ISOs look at the credit scores and cash flow of a business enterprise to determine if they qualify for a merchant cash advance from lenders. Those with lower credit scores and businesses that have fluctuating sales on a daily basis qualify for cash advances and will benefit from it. From a businessman’s point of view, there are significant advantages in using the services of an ISO. The ISO will take care of all the formalities involved in getting the advance transferred into their business account. They will help them to locate a reputed lender such as Cresthill Capital. They also help business owners to get the most advantageous rate for their funding. They thus help them to know the exact cost of their business loan, thereby helping them further in their money management. A financial business that is willing to offer all the financial support they can to both small or big businesses to help build their 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, a steady cash flow is necessary.
Banks and other lenders offer credit only after they assess the credit worthiness of the business. This is concluded based on some criteria that is quite primitive. There are lenders like Cresthill Capital who 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. Cresthill Capital Does Away With Long Procedures Start-ups are not offered funds but any other existing business can apply for funds from Cresthill Capital. The approval is largely based on the recent revenue of the business. Businesses from any industry is funded. Retail stores, automotive stores, nightclubs, medical businesses, liquor stores and trucking businesses are offered funds. Once the application is submitted with some basic information about the business an offer will be made. This process doesn’t take much time at all. Once the offer is reviewed, and accepted, the funds will be transferred to the business bank account directly. Why Some Institutions Are More Popular Than Others Some of the reasons Cresthill Capital has no complaints from their clients is because they approve requests of loans much faster than other institutions. They do not charge anything for the application of loans. They have very flexible terms and competitive offers. They give you loans based on the need of your cash flow. It is possible to go online and apply for any of your funding needs. The whole process of application is very simple and in no way complicated. Differences Between Banks And Non-Banking Companies 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 the 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. |
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