Overcoming Common Problems of Small Businesses

Armed with a great business plan that is designed to succeed, and initial funding to start up, most entrepreneurs begin to see visions of their small companies growing to become huge corporations. However, as they go about establishing their business, they are faced with numerous problems that threaten to derail their plans. Chief among them are financial problems that are commonly faced by all business owners. As a small business owner, it is crucial to be aware of these pitfalls and prepare for them in advance. Crest hill Capital LLC offers financial solutions for small business owners to help them overcome these financial challenges.

Inadequate Planning

Failure to plan for unexpected business delays, supply chain problems leading to less inventory, etc. is quite often the reason why many small businesses end up failing. These delays can exhaust your initial funds and without an adequate back-up, it would mean the end of your business. Your business plan must consider and provide for all contingencies. It is advisable that you consult with an expert financial advisor who can help guide you through the process of establishing a viable business.

Cost Overruns

Unexpected expenses are part and parcel of every business and it is important to account for such expenses. Even a relatively small unaccounted expense can turn out to be costly in the initial stages of a business. These can include higher cost of technology or equipment due to inflation, hidden charges, higher labor costs due to delays, etc.

Shortage of Funds

The initial seed funding is most often not enough to take your business to the next level. As a result of no planning, business owners end up stagnating and get stuck in a rut. For a business to grow, it is important to hire quality staff, purchase the best equipment, etc. which is quite capital intensive. Crest hill Capital LLC offers merchant cash advances that can help small businesses tide over such financial crises.

Merchant Cash Advance – A Quick Solution

Most challenges faced by a business in its initial stages can be attributed to a lack of working capital. A merchant cash advance is an alternative solution that can meet the growing needs of your business. Companies such as Crest hill Capital LLC offer flexible terms and competitive offers for small businesses in various industries. They evaluate the past and projected revenues of your business and match you to a funder. The funds get transferred to your business account within a week.

A merchant cash advance offers attractive features like no end-use restrictions, no effect on your credit ratings, no find repayment period or amount. Repayment is based on a certain percentage of your monthly revenue. However, it is crucial that you do due diligence and look for Crest hill Capital reviews online before you enter into an agreement with them. They provide financing for small businesses like retail stores, medical stores, liquor stores, nightclubs, trucking companies, etc. which otherwise would find it difficult to qualify for a traditional funding from banks. Take a look at Crest Hill Capital reviews and set your business on the path to growth and success.

How Cash Advance from a Right Funding Partner can Determine Your Success

What comes to your mind when you hear the word funding?

Quick, secure, helpful, and, perhaps, cash advance. It is pretty heartening to see how cash advance is becoming a major part of our lives. Whenever we need to boost our working capital, clear debts, upgrade inventory, or anything that pushes us forward in the desired direction, we are always in the look for a cash advance.

Such has been the dependency over the years that whenever we need to consult about funding or fetch funds, we don’t think of anyone else but alternative financing institutions. They have, indeed, changed the dynamics of the funding. Much of that credit should go to firms like Cresthill Capital/Mantis Funding. They have been the crusader of the change.

Sometimes, we do think why did this happen? Until 2008, things were pretty fine. Traditional channels were helpful and we had a good source of funding. However, after the Great Recession, they turned things upside down. Credit score and Collaterals became a mandatory part of the approval. The requirements of the SMEs were tossed into the bin. Empathy replaced rigidness. And, small and medium businesses started to go bankrupt.

Things were gloomy and we needed someone to step up. Thankfully, a group of wise men came to restore the balance. They understood that SME owners are also an important component of the economy. Hence, they designed flexible offers with easy repayment schemes. To add a cherry on top, they brought their system into place which measured the creditworthiness with the real factors instead of the superficial ones.

In short, they made things simple for the user. For us, it is now a matter of spending a few hours online or calling their support team at platforms like that of Cresthill Capital Complaints to ensure that they take action on our application immediately. And, if they deemed us to be qualified after their holistic background search, funds are transferred into our accounts within 24 hours! Besides, they don’t put any limitations on the applicant. As an SME owner, you are free to use their funds for your business the way you want it.

However, what we as SME owners really need to ensure is that we keep limited fluctuations in our transactions. Our overall sales should meet the desired number and the business model should reflect transparency and consistency. In case, you feel that due to some reasons you are unable to maintain the consistency in your transactions then don’t worry; they have different factors on which they measure the creditworthiness of an application. These factors include:

●    The revenue stream of your business

●    Expenditure patterns

●     Social media behavior

Going through these factors gives firms like Cresthill Capital/Mantis Funding a broader view of your business needs. Thus, they are able to prepare a customized deal with flexible cost structures.

However, your cash advance will very much depend on the sanctioning firm. For instance, when I needed funds for my retail store, I looked up a lot of reviews on various platforms like Cresthill Capital Complaints. Then, I contacted them to have a proper idea of how they are as a partner and what services they can offer. After talking to 10 different firms, I made my decision to go with a merchant cash advance from Cresthill Capital/Mantis Funding. After a successful run of 5 years and a good partnership of 6 years with this firm, I can assert that they are trustworthy, professional, and the best to work.

Similarly, it is imperative for you to understand that your research will determine the success of your funding. Moreover, you have to escape the plots played by dishonest dealers. They can hamper your growth.

How Can Alt-Financing Help an SME in Developing a Stabilized Income Stream?

A business without ups and down is nothing! Always remember, smooth seas never made skilled soldiers. This is the reason why a small or medium businessman should not fret with any kind of financial obstacle. They should be brave enough to deal with it and find better ways to come out of it.

However, sometimes one is bound to wonder that do all businesses have the luxury to fight their financial crisis? Of course, the big league players know how to do it but what about the small and medium enterprises? How do they handle a financial avalanche? And, who is going to help them? Traditional channels are surely not the ones. If they were anywhere close to doing it then they wouldn’t have set such tough and rigid restrictions.

Hence, the question to this “who” is alt-financing firms like Cresthill Capital/Mantis Funding. They understand the various undeniable day-to-day financial variances a small and medium businessman faces. Besides, their quest for quick cash is something that only they can fulfill.  They go about their unique and ideal way of providing funds to them. These funds come with easy repayment options and act as a crucial supplement of growth in the venture of an SME.

Any businessman starting from a span of three months in the industry can apply for funds and ask an alt-fin firm to partner them in times of crisis. With customized deals and unique terms, these firms work to provide funds within 5-7 days of approval. In case the requirement is very urgent, they can make it a special case and process the funds within 24 hours! Apart from that, they have a 24 X 7 working hotline and customer help system in the form of  Cresthill Capital Complaints.This platform is solely made to resolve and clear any rising issues within the consumers. 

How do I know I am eligible for their Cash Advance?

Before you go any further, you must and should know that they don’t consider the regular high credit score or heavy collateral criteria as a way to provide funds. Hence, anyone suffering from any or both the aspect are eligible to apply for funds.

However, what firms like Cresthill Capital/Mantis Funding really look for is how well are you regulating your income stream. Does it have too many fluctuations? How do they deal with these fluctuations? How exactly you are deriving your income? What is the client base? How do you intend to reinvest the working capital? Aside from this, they also listen to your reasons very carefully and try to figure out the sense in it. If they are satisfied with everything then there is no stopping you from getting approved. 

A Vision to Secure SME’s Future!

Well-settled businesses don’t have to face those insecurities and instabilities that SMEsgo through. With appropriate cash reserves, they encounter every situation with ease and comfort. Besides, their heavy collaterals and good credit score are sufficient to impress the traditional funders.  However, the same is not true for small and medium enterprises. 

To bridge undue advantage and provide a fair chance to SMEs, firms like Cresthill Capital/Mantis Funding provide funds with a flexible repayment system that ensures that the SME owners don’t face the burden of repayment and the liquidity is smooth. This, in turn, works well to safeguard the future of the SME’s by improving their credit score.

Have You Familiarized yourself with these Terms of the Alt-Fin Industry? If not then this is the time!

At times, information on the internet can be very confusing. Especially in the case of financing. There are thousands of experts available with their share of knowledge and training. The fun part here is that everyone on the internet is right. It seems like they are the ones speaking the gospel truth!

However, this confusion tends to increase in the case of alternative financing. Since it’s inception, everyone seems to have the right service for the small and medium enterprise owners who are coming to read about the various aspects of alternative financing. Besides, the internet has also helped these companies to reach a level high with their advertisements of services and offers to vouch for a consumer. With big jargon and a language quoted with marketing ensures that the right information is kept away from the consumers.

Hence, seeing all this makes a consumer ask: Where do they seek clarity? Is there a place where real information is served instead of marketing jargon? What are the basic terms of alternative financing?

To answer this question, here are the basic terms of alternative financing that one needs to understand:

Debt Service Coverage Ratio (DSCR)

One of the most effective and preferred way to evaluate a client. Alternative financing firms like Cresthill Capital reviews applications with the use of the debt service coverage ratio (DSCR). This helps them to measure the creditworthiness of the approaching small or medium enterprise owner.

DSCR or debt service coverage ratio is a businessman’s total annual income divided by his current annual liabilities. If the ratio turns out to be more than 1, the firm believes that the business owner is able to pay the funds back with the agreement’s financial obligations.

Merchant Cash Advance (MCA)

One of the most popular forms of alternative financing. Be it small or medium business, this type of funding is suitable and customizable as per the needs of the owner. In this, the money received is a lump sum amount paid in advance for an exchange of future earning or a percentage of debit or credit card sales.

APR (Annual Percentage Rate)

Another very useful metric for small and medium business owners to compare the various offers mentioned by the alt-financing firm. APR helps a businessman to calculate the cost of the financing offer at the yearly rate. This is followed by almost every financing firm like Cresthill Capital and also, it includes their various fees and cost.

ISO (Independent Sales Organization)

ISO or the independent sales organization is something that a businessman is more likely to encounter if he is seeking alternative financing. By providing liaisoning merchant services, ISO or the independent sales organization tends to work as a third party with small and medium businesses. In a nutshell, they act as a bridge between SMEs who are looking for funds and alternative financing firms who are willing to help them.

There is a lot of factors that are required to provide clear knowledge regarding the alternative financing industry. However, channeling the trust in firms like Cresthill Capital can really help a small or medium enterprise businessman to understand the alt-fin industry and the service that can suit them.

3 SME Ideas that Can Boost Your Profits with the Help of Alternative Funding

This is the time to convert your dreams into reality! When we say that, it means that the time has come to make a shift. Though the situation of the market looks a bit tricky, yet, it is the time to plan and move. Perhaps, during this current lockdown, you can work around small ideas that can make a substantial impact on your new business. Search places online, prepare a budget for things that you will require in the near future and also, look around a few financing options that can help you readily and instantly.

With an uncertain factor ruling this market, this is the best time for you to encash and unleashes your potential as a business owner. Groupon, WhatsApp, Uber, Instagram, Pinterest, Slack, Square, and Cloudera are just a few names of successful businesses that were born out of the Great Recession of 2007. The reason these names have been mentioned is to inspire and make you realize that when the time was tough, they stood and made their way to become successful businesses.

If they can do it, so can you! However, there are times when you might be unsure about how you should go about things and finances in particular. This is where this article will help you. In this, we will talk about businesses that can make a good profit on a small or a medium scale with the help of funding from alt-fin companies.

Here are some helping Cresthill Capital reviews that can provide a glimpse of what kind of business can perform in today’s scenario:

1. Opt for a Restaurant or Cafe

This is the time to cash in on your cooking skills or the love for beautiful looking delicious food. Opting for a restaurant or a cafe is a great way to go about things. No matter what the situation is, foodies will always find a way to increase your sales.

Though the food industry is going to be more competitive, yet, it one can never claim to take away your fair share of chance from this SME idea.  Besides, maintaining food quality will rise in your ROI.

The best thing is that you can work around this with a small amount of investment. In case, you are worried about financing for paying off your payrolls or updating your inventory then  you can opt for alternative financing options like Cresthill Capital that offer merchant cash advance services with flexible repayment options with a quick approval rate.

2. Gyms

Opting to get yourself into the fitness circuit like that of a gym is certainly a bright prospect. Specific training of activities like CrossFit train, yoga, Zumba or pilates is gaining a lot of popularity among the young and elderly people. With the help of equipment financing from alt-fin companies like Cresthill Capital, you can kick-start something that can harvest good returns in the near future.

3. Online Business and Digital Marketing

The future is online! The sooner you realize it, the better it for you to grow your business. With everything online, this is the best time for you to take your online. To be online, you need a good website and a strong digital presence. This comes with the help of digital professionals who are well equipped to deal with the situations arising online. Hence, it is best in your interest to invest some part of your budget in a digital marketing team. Besides, the funds needed to pay them and buy different tools can be taken care of by alternative funding institutions.

So, don’t let anything hold you back! Pick your phone and contact Cresthill Capital to discuss the growth and funding plan of your venture.

You Can Take Your Small Business Global With Help From Alternative Funding Institutions

One of the biggest challenges that small businesses face is financing. Since they are labeled as high-risk entities and can’t pledge collateral, traditional financing is often out of the question for small businesses. However, that doesn’t mean you cannot start your own business and expand it on a global scale. With easy and accessible alternative funding, it is entirely possible to put your business online and scale it to an international level. Let’s delve further.

Starting an online business with alternative funding
If you’re interested in putting your business online, then alternative financing is a good way to get started. If you’re starting up for the first time, try to gather funds from friends and family or use a portion of your savings. The best thing about an online business is it doesn’t require huge funding to get started. If you’re selling an online service, having a website and a domain is good enough to start. If you’re planning for an e-commerce site, look for options that don’t require you to have physical warehouses.

Partner with a drop-ship facility to further reduce your cost. Meanwhile, to give a further boost to your online business, take the help of different alternative funding options. For example, microfinancing is a great way to get access to some liquid cash. If you’re not sure how to go about it or which option suits you best, then do get in touch with an expert at Cresthill Capital for a free consultation.

Scaling your online business
Once your online business is up and running, the next step would be to grow it. Online companies do great with a little bit of online advertising. Unlike physical advertising, online advertising is more affordable, and with a little bit of investment, you can reach a huge audience base across geographies.

You can do this on your own, or hire a digital marketer who can do this for you. Depending upon your target market, audience, demographics, and product, you can create an online marketing strategy leveraging the different social media platforms. The good news is most of the social media platforms are free, and you can market your service for a nominal charge.

Why alternative financing?
First thing first. Ask any small business owner about his/her challenges, and they will mention funding as one of their biggest hurdles. Financing has always been a challenge for small business owners who are starting with no credit histories. Since the traditional way of securing finance is out of the question, alternative financing is the only resource available for them. Alternative financing comes with a plethora of benefits for small business owners.

Most importantly, they are flexible in terms of payment options, which means applicants don’t have to pay a fixed amount for a set time period. They can repay according to their sales. Again, alternative financing is fast when it comes to approval — some lenders like Cresthill Capital reviews and approves applications within 24 hours. It is much more lenient in terms of rules and guidelines, unlike the traditional ones.

So, what is holding you back from starting your online business? If you’re still skeptical about the alternative financing, then read Crest Hill Capital reviews to make an informed decision.

Bookkeeping Habits That Every Small Business Owner Should Practice To Secure Alternative Funding

If you run a business, you must have a strong bookkeeping habit. Whether your business is large or small, a good bookkeeping habit will help you run your business successfully. But many business owners, especially ones running small companies, dread the idea of bookkeeping. Lack of time, finding it boring, or just wanting to keep everything in their heads – the reasons could be many, but they all result in messy accounts and financial confusion.

Are you one of them? Then this article is for you. You might not find bookkeeping to be an interesting thing to do, but what about growing your business? Yes, they are linked! If you’re uncertain about your available funds, cash flow, and other nitty-gritty of accounting, then it will certainly hinder your business growth down the line. Sort out your books today, here are a few bookkeeping tips from Cresthill Capital to help you get started.

1 – Keep a tab on all your expenses: That’s what bookkeeping is all about — keeping a tab on your costs. Start doing this by keeping your personal and business accounts separate. Once you have different accounts for both types of expenses, you will find it a lot easier to understand them. Keep tracking all the financial transactions you do in your business account. From spending on team lunch to logistic expenses to availing any alternative funding to meet a sudden expense, you should track everything.

2 – Create a cash flow forecast: One of the many advantages of doing bookkeeping is you will be better able to forecast your cash flow. Once you have your detailed financial records, you will be in a better position to predict cashflows and make financial decisions. For example, if you have a recurring expense at a particular month, you may plan it well, and opt for alternative funding to meet the expenses. It will save you from the last-minute hassle of looking for money. Check out Cresthill Capital, if you are looking for alternative funding.

3 – Invest in a cloud bookkeeping software: Invest in a cloud computing software to save yourself from spending hours on excel sheets. A cloud bookkeeping software with high-quality document management features will make your life and bookkeeping easy.

4 – Make tax time a breeze: Whether you had taken alternative funding to give a boost to your business or spent extra on overheads to run the show, maintaining the log for your business account will make your tax time a breeze. With a good bookkeeping habit, you won’t have to worry much when tax time comes. Read Cresthill Capital reviews to learn more about alternative funding and how it can boost your business if you are planning to take one.

Armed with the financial knowledge about your business, you can make all your financing decisions once you have your bookkeeping records sorted. If your financial forecast is suggesting a quick need for cash, alternative funding can help you ease your worries. At Cresthill Capital reviews, you can find more details on how you can leverage alternative funding to manage your business finances.

A Look At How Alt-Finance Is Helping Restaurant And Cafe Owners Grow Their Businesses.

Alternative online lenders have been around for over a decade now and during this time have supported millions of American small business owners on their growth journeys.

In this article, we will explore the impact of Alt-Lending on one specific industry – restaurant and cafés – through 3 diverse case studies from Cresthill Capital –

1- Opening a second restaurant – Jenny (name changed), is a successful 43-year-old chef and restaurant owner in New York. She opened the doors of her first bistro more than a decade ago, and its enduring popularity pushed her to explore opening a second location.

So, when she discovered that the perfect building in her preferred area was up for sale, she approached Cresthill Capital for a large financing offer. Her bank had agreed to fiancé her mortgage, but that was it! Remodeling the new space, buying kitchen equipment, and other similar costs had to borne by her. With a kid in college, there was no way her savings could cover all this!

After checking her existing business transactional data, Cresthill Capital approved a business line of credit to the tune of $200,000 to cover her entire launch expenses. Jenny used the Line of Credit to withdraw money as and when it was needed and only paid repayment costs on the amount used. It was like using a credit card with a $200K limit!

2- Extending a home catering service – Martha, a stay-at-home-mom in Connecticut, turned her talent as a cook into a business. For years she had been supplementing the family income by baking and selling from home. A chance conversation with a friend about alternative online lenders got her thinking about expanding her business. She had recently been asked to cater for a corporate event and felt that with some capital would be able to upgrade her kitchen to handle more work.

As she didn’t have an established business, her husband took out a merchant cash advance from Cresthill Capital against his company. Martha used the money to set up a new professional kitchen and hired an extra pair of hands and is now working full time catering mid-sized events at least 3 times a week.

3- Remodeling to cater to new demographics – Jason had inherited his family café at 27 and quickly discovered that it was struggling to survive. Some reasons like the old fashioned menu were visible, but detailed market research revealed that the demographics of the area had changed, but the café hadn’t kept up to newer tastes. The millennials and gen-Z were spending the money now, but the café was still catering to their parent’s generation.

Jason knew what he needed to do; he just needed the money to do it. He decided to explore alternative online lenders for his expansion funding, and after reading Cresthill Capital reviews decided to call in to discuss his plans with a team member.

The call resulted in a substantial Merchant Cash Advance that allowed him to carry out a top-to-bottom refurbishment of the place, and he soon saw his sales pick up.

A look at Cresthill Capital reviews online will instantly show the benefits of alt-fin that attract small business owners – they are pleasantly surprised by the speed of the process, the lack of tedious paperwork, and love the personalized service they get at the company. Simply put, alternative finance works well for small businesses like restaurants because it is fast, fair, and easy to access.

Unsecured Cash Advances That Boost Your Business

A vital part of expanding or growing a business is to acquire funding. Now, as soon as you hear of “acquiring funds”, the first thing that comes to your mind is nothing but a bank! Undoubtedly its the best option to go for if one has a great credit score and several assets to put forward as collateral. But what about those small business owners who have just entered this pool and have a zero credit score?

What about those entrepreneurs who do not have any collateral to offer? The answer is Alternative Finance or Non-Bank Funding. In order to keep your dreams of expanding and growing your business alive, there are a number of alternative finance companies that offer different types of funding options at flexible cost structures without considering your credit score or asking for any collateral.

Cresthill Capital is one such name in the world of alt-finance that has helped thousands of business owners achieve their growth and expansion dreams without any stress at all. Continue reading to understand the two main characteristics of alternative lending.

Funding On Bad Credit Scores

Most banks take a very long time to approve the applications of small and medium business owners for the aforesaid reasons. The worst part is that even after months of waiting for approvals, around 80% of applications get rejected, based on their dented credit scores. Nevertheless, when you apply for funds to non-bank funding companies, they always claim that application-to-approval is a simple process where credit scores are not important at all.

Well, if you go through Cresthill Capital Reviews, that is absolutely true as reputed and trustworthy companies use other means to analyze an entrepreneur’s ability to repay the funds requested. There are several other transactional data like overall sales, revenue stream, expenses, etc. that help in judging a businessman’s creditworthiness much accurately.

No-Collateral Funding

When it comes to the traditional modes of funding, individuals will need to provide assets of value or collateral in order to get a funding application approved. While large-scale business owners get approval due to the availability of collateral, it’s not always possible for the small and medium scale business owners.

Thus, unsecured cash advances can be just the right lifeline for them, as neither collateral nor credit score is required. Companies like Cresthill Capital offer different kinds of alternative finance options that are custom-made as per the requirements of small business owners who have been led down by the banks.

Non-bank funding, therefore, will not affect your property or the business even if there is a payment default. Such cash advances are also flexible in nature. The choice of funding will depend on the need and requirements. With unsecured cash advances, business owners do not need to put their properties in stake in order to secure capital funding.

In fact, as soon as the money is wired into your account, it can then be invested in the new business without any questions asked. Cresthill Capital Reviews claim that finding the right kind of funding for your business can actually affect its growth and success.

Have You Heard Of Crest Hill Capital LLC?

Cresthill Capital specializes in short-term merchant cash advance funding. This company was founded in 2013 and currently has its main office in New York. It caters money to small businesses in need of additional funding. Companies can obtain funding in amounts based on recent trends in cash flow regardless of credit score.

Cresthill is fairly flexible regarding the businesses to which it lends. Their account managers look at factors beyond credit scores when calculating appropriate funding amounts, and the company claims it will fund every qualified application.

Company Profile

Cresthill capital employs people to review applications and find funding solutions for businesses facing difficult financial circumstances. It promises flexible, competitive and dependable financing options and extends funding to industries most other fund providers are wary of lending to or outright refuse. Fast turnaround time and not solely relying on credit history make Crest Hill capital LLC different.

Credit policy

Cresthill claims that no funding request is too big to fulfill. Its Merchant Cash Advances are unsecured, meaning businesses aren’t required to put up any kind of collateral when applying. This puts Crest Hill in a unique category among short-term lenders and positions the company as a potential alternative for businesses that have failed to obtain funding elsewhere due to poor credit.

Instead of looking at credit scores to determine applicants’ eligibility, Crest Hill examines cash flow records and the current needs of each business. As a lender at the center of the non-bank business financing industry, the company provides funding in amounts ranging from micro-files of $2,000 to large funds of $250,000 or more.

It prides itself on fast application reviews and quick delivery of funds and has financed multiple small businesses across a broad range of industries.

Get your queries answered

Every credit company website offers very little information about the company, its policies or its lending process. The marketing language used is fairly standard for all lenders in this industry. Credit companies, however, fail to balance marketing with straightforward answers to some of the most important questions most applicants are likely to ask, including rates and term lengths, etc.

Some companies even fail to provide an email address where inquiries can be directed. However, calling Cresthill Capital customer service for additional information brings potential applicants to a voicemail system with automated menu options or directions on how to get in touch with an account manager.

This leaves the company’s online contact form as another way to communicate if the applicant faces any difficulty in keeping in touch with the lender, Cresthill Capital complaints desk can be approached. An option for the same is even available on the website.