Top Benefits of Merchant Cash Advance for a Local Liquor Store Business

Running a liquor store in the United States can be highly rewarding and profitable. However, getting funds from a bank for working capital or growth needs is pretty challenging. To simplify the funding process and help small businesses such as liquor stores obtain working capital or growth funds quickly, Cresthill Capital provides an alternate solution – merchant cash advance.

Roadblocks to Banks

Most local liquor stores are private businesses run by small business owners who depend on a steady stream of cash inflow to maintain or grow their business. Obtaining funds from a bank is challenging because banks and other traditional money lenders see them as high-risk businesses, especially if the business owner has a poor credit score.

Moreover, banks usually require some form of collateral. The process of applying, qualifying and obtaining the requested amount can take weeks, if not months.

Benefits of Merchant Cash Advance

Cresthill Capital provides small business owners with access to a merchant cash advance. Merchant cash advances do not come with loads of paperwork to fill out or worries about credit scores. Funding companies evaluate merit by taking into consideration your actual business performance.

If you’ve been in the business for a considerable number of months and you’re witnessing steady sales and revenues, you have every chance of getting approval for funding. Once you secure funding, the advance amount is deposited in your business bank account. You repay a small portion of future receivables till the time the entire amount is repaid. There is no need for putting up any collateral.

Why is it A Good Option for Liquor Stores?

A merchant cash advance is the ideal funding solution for liquor stores because most of the sales are done through cash or credit card. The owner should have little trouble keeping up with repayment. Cresthill Capital advisors offer flexible terms that banks and traditional money lenders simply cannot match.

The company does not charge any fee to apply, so you don’t lose anything by trying this option. The process of getting approval is fast and you can get the extra funds in a matter of days. You can continue the partnership for as long as you wish and can request any amount of funding, provided you furnish proof that future sales can cover repayments.

Use Extra Capital as You Wish

Another benefit of merchant cash advance is that it comes with no strings attached. You can use the funding for any business-related activity. Perhaps you need to cover some urgent expenses or hire more employees. Liquor stores need steady capital flow because fresh products need to be added and inventory needs to be replenished to remain competitive in the market.

You may want to invest in a sophisticated security system because liquor stores are high-risk targets of robberies and other crimes. You may also want to use the funds for a marketing campaign to elevate your presence in the community.

Ready to give merchant cash advance a try? Let Cresthill Capital review your application and connect you with an appropriate funding source!

Tips to Get Best Possible Outcomes from an Alternative Business Financing Solution

Applying for working capital advance online from Cresthill Capital is a great way to get a bit more cash and cover costs for your small business. However, there are some common mistakes that clients make that prevent them from obtaining satisfactory outcomes. Read on to avoid those mistakes at all costs.

Understand All Working Capital Advanced Options

When it comes to accessing working capital advances, small businesses have a variety of options including short term business funding from banks and other traditional money lenders, lines of credit, merchant cash advance, invoice financing, and Small Business Administration funding. Crest Hill Capital LLC facilitates merchant cash advance.

In the merchant cash advance model, the lender provides a lump sum amount and the business owner commits to paying a portion of future receivables on agreed terms till the entire advance amount is repaid. Any of these funding solutions may be right for you, so research on every individual option and figure out the best solution for your needs and circumstances.

Shop Around For Best Deal

When you’ve decided to go for the merchant cash advance solution, take your time to shop around and find the best possible deal. Cresthill Capital works as a facilitator that matches eligible small business owners with appropriate funding sources and makes an offer for proposed financing. Once a client accepts an offer, funds are directly transferred into the client’s business bank account.

The advantages of partnering with this company are that they offer a cost-free application process, fast approval processing and competitive, flexible terms. As part of your research, read Cresthill Capital reviews and see what customers have to say about their services.

Figure Out Your Exact Capital Needs

Crest Hill Capital LLC does not look into credit scores to evaluate the creditworthiness of a client. Some small business owners are tempted to request for working capital advances in excess of their needs. Later on, they may have trouble affording repayments. It’s best to remember that the merchant cash advance will need to be repaid via future receivables.

Small business owners should figure out what they will do with the working capital advance and only request the amount that is absolutely necessary. The additional capital could be used for anything such as hiring new staff, buying new inventory, etc. but it’s important to know the exact amount you will need.

Gather Business Information Beforehand

Cresthill Capital advisors are among the most competent in the industry and can facilitate fast approvals. However, business owners also have to do their part. For a merchant cash advance, businesses need to prove consistent past and current revenues by showing supporting documents.

Before you apply for a working capital advance online, make sure your business’s finances are in order and you have necessary information such as business plan, cash flows and financial statements at your fingertips.

Follow the above working capital advance tips and get the funding your business needs to cover costs and thrive!

Don’t Fret Over a Bad Credit Score – Partner Crest Hill Capital LLC for Swift Cash Advance

A bad credit rating is a serious threat to any business, especially a small business, and maybe a roadblock in securing a business cash advance. So, how is a small business that needs additional working capital supposed to maintain business operations or make plans for business growth?

Luckily, there are companies like Cresthill Capital that provide merchant cash advance for businesses, even those with poor credit scores.

Funding Problems of Small Business Owners

A small business owner needs to invest to maintain business quality and enhance services. Financial liquidity is essential to ensure smooth business operations. Besides, there are various activities such as hiring additional employees, purchasing new equipment, upgrading old equipment, increasing inventory and implementing advertising projects that require additional funding over and above current cash advance.

However, approaching a bank or money lender for finance is not easy if you have a poor credit rating. The good news is that traditional banks aren’t the only option to overcome the working capital shortage.

How Does Merchant Cash Advance Work?

Cresthill Capital offers merchant cash advance to businesses that meet their eligibility criteria. Their eligibility criteria are quite simple and straightforward.

They assess businesses in past and present business revenues and not credit scores. After reviewing documentation and business information, they match business owners with an appropriate funder.

If the business owner accepts an offer, funds are transferred directly to the client’s business account without any hold-ups. In exchange, the business owner remits a certain percentage of future receivables to the funder.

Innumerable Ways to Utilize Funds

A merchant cash advance is a perfect solution for small businesses to bridge the gap of working capital. The possibilities to use a merchant cash advance are varied, depending on the specific services provided by a business.

Business owners can use the additional funding to fulfill inventory orders, add new inventory, meet seasonal demand, invest in new technologies, undertake equipment repairs, pay for business premises renovation, execute an advertising or marketing campaign, have cash for payroll and meet other short term expenses.

Check Reviews before Committing

When you’re looking to partner a company for additional funding, it’s very important to check their reputation before making a decision. A good idea is to research Cresthill Capital reviews online and see what people are saying about their solutions and customer service. This New York-based company is appreciated for its fast cash advance approval, flexible terms, competitive offers and zero cost to apply policy.

It serves business owners in different industries including automotive, retail, restaurants, medical/ healthcare, and services. However, it does not offer to fund to start-ups. 

If merchant cash advance seems like a good solution to you, start researching Cresthill Capital reviews - it’s the first step to watching your business flourish!