Did you know that 52% of the total employees in the United States of America work for SMEs and about 98% of firms are small businesses with not more than 20 employees? Well, that quite clearly states that small businesses are the real backbone of the American economy.
Cresthill Capital - Expand Your Small Business Easily with Alternative Lending
Expand Your Small
Business Easily with
Did you know that 52% of the total employees in
the United States of America work for SMEs and
about 98% of firms are small businesses with not
more than 20 employees? Well, that quite clearly
states that small businesses are the real backbone
of the American economy.
But in spite of all the economic opportunities
available, running a small scale business
successfully can be rewarding and challenging both
at the same time. While rewards are easy to guess,
the challenges primarily consist of lack of funds, bad
credit score, unavailability of collateral, rejection of
applications from banks, etc.
According to reports, easy access to funds can make a
great difference to small and medium-sized
businesses noticeably. This is where non-bank
alternative financing companies like Cresthill
Capital come into the picture and bridge the liquidity
gaps for small business owners easily and quickly. So,
if you are still unaware of the advantages of choosing
alternative finance over other traditional modes of
funding, just go through this list and start working on
your business expansion plans today:-
● Shorter Processing Time:
When you approach a bank for funds, it is a no-
brainer that they take ages to process your request,
especially when you are a small business owner.
However, alternative financing companies, since they
are smaller in size, have agile processes when it
comes to funding.
As they don’t need to follow any regulations, they can
respond to the applications in a very short time
without any interference from others. Also, as the
applications can be applied online, you save even
more time. When small business owners need money
quickly for their business, this super-fast application-
to-approval time works like a superpower.
● Hassle-Free Approvals:
According to the latest Cresthill Capital Reviews,
the procedure of application approvals in
alternative financing companies is way more
balanced and fair in comparison to the
conventional modes. Also, this option is less
stringent as all the applicants are assessed on the
basis of their potential to repay the funds and not
credit scores or collateral.
Instead of that, other means are used to judge their
creditworthiness, for example, social data,
transactional data, revenue stream, expense
pattern, etc. This, therefore, gives businessmen with
dented credit history a fair chance to avail funds
and grow in the market.
● Wide Range of Options:
Along with easy funding, alternative funding
companies like Cresthill Capital also provide a range
of customized funding options to choose from. Thus
small and medium-sized business owners can easily
take benefits of options like cash advances, cash lump
sum, expansion funding, equipment funding, etc.
Also, for repayments, they can choose to payback
through daily receipts, overall sales, future revenues,
and other options that suit their business model best.
● Flexible Funding:
When you go through Cresthill Capital Reviews closely,
you will realize that this alternative lending company
offers flexible funds of different ranges in order to
cover the smallest as well as the most massive
requirements of your business. Since they are more
customer-centric in nature, they tailor their services
and terms as per the needs of individual clients. Be it
the funding amount or the repayment terms,
everything can be customized according to the needs of
your business in non-bank funding.