Benefits of Merchant Cash Advance for Automotive Repair Business

1. Benefits of Merchant Cash Advance for Automotive Repair Business

2. With the reliance on vehicles, you would think American automotive repair shops are doing a booming business. Yes, the auto repair industry in the USA is going great guns but small auto repair stores are not having an easy time obtaining small business funds from banks and other traditional money lenders. Here’s how Crest Hill Capital LLC can help – by providing access to a merchant cash advance.

3. Drawbacks in Applying For Funds from a Bank

4. Banks and other traditional money lenders generally take into consideration the credit score of business owners and require putting up collateral to approve applications. Moreover, there’s a lot of procedural paperwork that needs to be get done which can delay the process of disbursal. What do you do if you need extra capital urgently to cover a cost like purchasing a new inventory of snow tires that are available for a discount? You can avoid these problems and others with a merchant cash advance from Crest Hill Capital LLC.

5. Easier Process for Obtaining Merchant Cash Advance

6. To get approval for a merchant cash advance, you will not need to pull the history of your credit score. You will, however, need to provide proof that your business is in good health and your automotive repair shop has been witnessing a steady stream of revenue for several months. This is because, in the merchant cash advance system, repayments are done from future receivables. When funding gets approved, you get an upfront lump sum that is deposited in your business bank account. In return, you commit to paying a portion of future receivables and applicable fees on agreed terms over time till the entire amount is repaid.

7. Quick, No Strings Attached Working Capital Funding

8. Cresthill Capital reviews every individual application based on merits. You do not incur any cost for applying, so what’s the harm in trying this solution? Usually, the approval process for a merchant cash advance is quick. You can get funding within a day if required. The company has relationships with merchant cash advance lenders and matches qualified customers with appropriate lenders.

9. They make a proposal offer and if you agree to the terms, the advanced amount is credited to your business bank account. A merchant cash advance is a minimum fuss solution where you are not asked intrusive questions, your funding requests get processed quickly and you have the freedom to use the extra capital for any business-related activity.

10. Best Uses of Advance Cresthill Capital advisors process funding requests swiftly so that customers are not left in the lurch when they’re in need of extra capital. Merchant cash advances are available with flexible terms and competitive offers.

11. You can use the extra funding to cover any operational cost such as commissioning repairs of your tow truck, purchasing new supplies or use it for business development purposes such as sending mechanics for advanced training, implementing a marketing campaign, opening another branch at a new location, etc. If taking a merchant cash advance makes sense to you, provide some basic business details and fill out an online application form!