Does your business need a quick infusion of funds? Conventional financial institutions approve funding based on parameters such as the credit score of the applicant, collateral, etc. The process can be cumbersome, and approvals often take a lot of time. This could prove disadvantageous when the requirement to be met is time-sensitive. A merchant cash advance from Crest Hill Capital LLC can provide a solution to this dilemma by providing funds within days!
No prejudice against small and new businesses
The entire system of bank funding is heavily prejudiced against small and new businesses. Applications are closely scrutinized, and weightage is given to the creditworthiness of the business. Further, the name of the brand and its standing in the market may also influence the approval process, as the general notion is that a well-known brand is more credit-worthy than a relatively new business. However, Crest Hill Capital does not hold this prejudice. The process of approval only evaluates how well a business is doing and how promising the sales look. If your business has consistent sales, you can stand a good chance of getting approved for a merchant cash advance.
Receive immediate cash advances for time-sensitive requirements
Business requirements are dynamic, and a lot of these requirements are time-sensitive and must be met immediately. Relying on banks may not be a wise decision in the long run as you run the risk of time delays. For instance, during the COVID-19 pandemic, businesses need to adhere to a whole set of new requirements to function in today’s world. From sanitization booths to safe delivery of goods, these needs must be met as soon as possible. Crest Hill Capital provides small businesses with cash advances within days so that every need can be met without delay.
Your credit score will not affect your cash advance request
If you approach a bank for finance, it is highly likely that they will take a close look at your credit score. Normally, if your score reflects high creditworthiness, then your application for funding may be approved. In contrast, a merchant cash advance is based on the sales of a business. Applicants are only required to furnish records reflecting their past sales and revenue. Your credit score hardly plays any role and will not affect your application in any way.
You don’t have to offer your assets as collateral
Bank funding requires applicants to place assets as collateral to secure repayment. If there is a slip-up in the periodical repayments, the collateral is seized and auctioned to recover the due amount. Crest Hill Capital LLC helps business owners secure a merchant cash advance without placing their assets on the line. Repayments are based on future sales. In other words, a percentage from every sale made is deducted towards the repayment of the cash advance. Your assets don’t have to be compromised just to secure funds to meet business needs.
Keeping all these benefits in mind, it’s time to contact Crest Hill Capital for all your funding requirements.
Crest Hill Capital LLC 