Cresthill Capital - What Makes Merchant Cash Advance an Effective Funding Solution for Restaurants

1. What Makes Merchant Cash Advance an Effective Funding Solution for Restaurants?

2. As a restaurant owner, there are probably times when you feel obtaining working capital or growth funding from traditional money lending sources is completely frustrating. Well, you can eliminate frustration and get funding quickly with Cresthill Capital’s alternate merchant capital advance funding solution.

3. Challenges with Banks If you’ve ever tried approaching a bank or other traditional money lenders, you know how challenging it can be. Banks and other traditional money lenders consider financing the restaurant industry to be highly risky. Moreover, they give huge weight to a restaurant owner’s credit score to determine eligibility. In case you do have a decent credit score and qualify for financing, the process of funds disbursal can drag for weeks.

4. Easy Funding With Merchant Cash Advance Cresthill Capital offers an alternative financing solution – merchant cash advance. The company focuses more on the health of your business rather than on your credit score to determine qualification. They welcome all types of small businesses, including high-risk businesses, belonging to various industry verticals.

5. In the merchant cash advance funding model, a lender transfers the requested funds directly into the small business owner’s business bank account. In return, the small business owner pledges a portion of future sales on agreed terms till the entire advance amount is paid off.

6. Suitable Solution for Restaurants In the merchant cash advance model, there is no collateral and monthly fixed installments are also eliminated. Restaurants are an ideal fit for the cash advance model because they process a huge volume of credit card sales and the advanced amount can be repaid through future credit card sales.

7. Cresthill Capital reviews are replete with positive customer feedback, indicating that the company is a partner you can rely on. With client-friend solutions such as no-cost application, flexible terms, competitive offers and fast approvals, Crest Hill Capital offers a trouble-free process for working capital or growth funding sourcing.

8. How Can You Use Funds? Once you accept the merchant cash advance proposal, the advance is transferred to your business bank account within a short span of time. You can use the funds for any operational or business development activities. For example, you can use funds to buy/ lease the latest kitchen equipment you’ve always wanted.

9. You can use funds to remodel the dining or pub area of your restaurant. You may consider launching and advertising campaign or updating your website. You may also consider moving to a better location or opening a new branch in a different location.

10. How to Apply? Requesting funding online is a simple and straight-forward process. Just fill in the online form, providing basic contact information and details about how long you’ve been in business, the industry you’re operating in, your business’s total average monthly revenue, average monthly credit card processing volume, how much financing you want and how quickly you want it.

11. You need to have proof of consistent business profitability in the recent past and current scenarios. If you’d like to speak to Cresthill Capital advisors before submitting a request, simply contact the company via phone or online chat!