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Cresthill Capitalu00a0is a private, non-bank lender. Unlike banks, we specialize only in giving microloans to small businesses who need short-term loans to bridge gaps in their operating funds so they can continue to profit during slow times or unexpected events such as equipment failure or weather, or construction that could cause a problem for your regular customers to get to your business. These types of unforeseen events are frequently what can make a business fail.<br>
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Why Is a Private Lender Better Than a Bank?
Cresthill Capital is a private, non-bank lender. Unlike banks, we specialize only in giving microloans to small businesses who need short-term loans to bridge gaps in their operating funds so they can continue to profit during slow times or unexpected events such as equipment failure or weather, or construction that could cause a problem for your regular customers to get to your business. These types of unforeseen events are frequently what can make a business fail.
You have suppliers that need to be paid, but you also have other expenses that must be met. If you are relying on your business as your sole income, unexpected problems can have a negative domino effect. Many times, you don’t need much money to get by. You could need as little as 2000 dollars, but if you go to your local bank to get this loan, you may run into several roadblocks.
The first could be they simply won’t loan you such a small amount. The second, and most importantly, if they do agree to loan you the funds you need, by the time you make it through their loan process it may be too late.
That’s a fair and good question. Unlike banks that base their loans more on your credit ratings and scores, Cresthill Capital reviews your business itself. We look at your revenue stream. How much you have made since you’ve been in business and your typical monthly revenue stream. These are what we use to determine not only whether we will lend you the funds you need, but also how much we can lend you and the terms under which the funds will be granted.
Best of all, once we have agreed on the loan terms, you can have your funds deposited in your account in hours, not days, weeks or months. This means you can immediately pay your vendors and avoid costly late fees. You will also see when looking through Cresthill Capital complaints that we work directly with the people experiencing a problem to try and make things right.
Obviously, you can look on our web page and see the profiles of our officers. We are also a member of the Commercial Finance Commission. This is a group of financial technology companies that are dedicated to helping small and mid-sized businesses with their short-term financial needs. We actually have a department dedicated to loans to small businesses from 2 thousand to 25 thousand dollars. Do your research and due diligence. We encourage that. When you are finished and find you have no worries, contact us if you need our assistance, After all, that’s why we’re here.