Cresthill Capital - The What And Why Of Running Small Businesses

1. The What And Why Of Running Small Businesses

2. One thing all candidates regardless of party affiliation agree on, is that small businesses are the true backbone of the United States economy. It is not Wall Street or the mega-corporations, it’s the local business that serves the needs of the community. Small businesses have challenges that are very different from stock companies.

3. They do not have institutional investors, they do not have investors at all. Most small businesses are started with the owner’s personal funds or finance from family or friends. But sometimes it needs help. It needs investment from a company like Cresthill Capital.

4. What is Crest Hill Capital?

5. Crest Hill Capital LLC is a non-bank funding company that serves only small businesses. They grant merchant cash advances to businesses that need small amounts of money to continue to operate through hard or slow times. The approval criteria are different than that of a bank.  Based on the criteria, the company decides how much money it can advance to a business.

6. It works with the client to set the repayment rate and other terms and simplifies the repayment process through technology. Best of all, this company can get the business its funds faster. As soon as all the contracts are signed and delivered the business can have the funds it needs in as little as a few hours. Clients can take up their grievances with Crest Hill Capital regarding any transaction or interaction with the company.

7. How Does It Actually Work?

8. The business model and books are examined so as to help assess the risks involved. This primary assessment helps determine the most appropriate funding methods and repayment options for the business. This is opposed to the traditional banking system which adheres to a funding and payment structure that is rigid and does not offer merchants flexibility. Non- banking capital funding institutions prioritize the specific needs of small businesses and focus on repayment methods like the split percentage plan that is not only affordable for them but also provide the flexibility they require for development.

9. How Is The Lender Paid Back?

10. The contract determines how the lender gets the payment. The client can either have the payment processor split the payment between him and the lender or he can have the lender withdraw a percentage from the business bank account. This is all determined in the contracts signed before the cash advance is granted. For many businesses that have seasonal ups and downs, this is a great way to fund the business.

11. Banks typically won’t give micro funds because it is not worth it to them. The amount they make on the funds does not cover the processing costs required to make the profits they require. This is frequently what causes small businesses to fail. All they need is a micro fund to boost their business. If the client does a search in the Cresthill capital customer service of the company the website could help put his/her mind at ease and give more information.