Cresthill Capital - Grow Your Business With The Right Alt-Finance Partner

1. Grow Your Business With The Right Alt-Finance Partner

2. In business, growth equals survival. If you stay the same, then sooner or later, you will close down. Market trends, rivals, or change in customer demographics demand constant growth and innovation. But all this information is not new – any experienced business owner will tell you the same!

3. However, knowing you should expand and doing it are two very different things. Ideas, vision, and planning don’t cost anything; putting all this in action is where most businesses falter. And mostly because they don’t have the money to see their plans through!

4. Alt-lenders step in to supply expansion funds to SMEs

5. Fortunately, the alternative financing industry is on hand to help in this situation. Whereas earlier banks were the default choice for funds for business owners now with alt lenders approving close to 71% of applications they receive, they are fast becoming the first choice for most small and mid-size businesses looking for expansion capital.

6. There Are Three Main Reasons For This Shift –

7. The speed of the funding For many business owners, expansion opportunities are time-bound and require a quick turnaround time for getting funds together. Waiting weeks and months for a bank approval – that may or may not come through - is not an option in most cases.

8. Alternative lending companies like Cresthill Capital work at a pace that ensures that application-to-approval times are kept to the minimum. In most cases, they manage to put the money in their client's bank in 2 to 3 business days. In urgent cases, they have even made payments in 24 hours!

9. Personalized Funding Service

10. The fact is that banks are not really geared towards small business funding; their business model is more sustainable for larger enterprises who either have bigger needs or have collateral. This is why so many SMEs feel that they are underserved by the banks. The alternative lending industry, on the other hand, came into being to serve precisely this niche market. They saw a capital supply gap for SMEs and individuals and created a business model that aligns with their needs.

11. For example, CrestHill Capital reviews reveal that clients are happiest with the fact that they got exactly the money (Most alt-lenders finance deals from $2000 to $200,000 and above) they needed and could negotiate the repayment terms and timelines. Having flexibility and control was extremely valued by small business owners who want to grow their businesses.

12. And Finally, Easy Funding

13. It is extremely common for soloprenures and small business owners to have less-than-stellar credit scores. Improving credit scores takes time, and in the meantime, their chance of getting paid from a bank is close to zero. But a red marked credit score doesn't necessarily mean that their business isn't doing well!

14. Here alternative lenders like CrestHill capital come to the rescue. They have dispensed with the narrow confines of credit scores and instead look at business transactional data. CrestHill capital reviews the business revenue and expense pattern to determine whether a company and its owner will be able to repay the funds.

15. Conclusion

16. There is little doubt that in the last decade, small businesses across the globe have benefited enormously from the liquidity brought in by the alternative financing industry. From keeping their doors open through tight times to putting their growth plans in action, small businesses have used alt-fin companies to all their needs - big or small

17. It wouldn't be far from truth to say that they are no longer just an 'alternative’ but are fast turning into a mainstream contender to established financial service giants.