A Quick Look at Merchant Cash Advances and How it Helps Small Businesses

Businesses require capital to get established and then to grow and produce handsome returns. A solid business plan is not enough to sustain a business over time. Businesses often fail and close as the owners are unable to secure adequate funding in time. It is important for small business owners to be aware of the options available in the market to secure funds for their businesses. Crest Hill Capital LLC offers a quick fix solution to this perennial problem in the form of a merchant cash advance.

What is a Merchant Cash Advance?

As mentioned in several Crest Hill Capital reviews, a merchant cash advance is an easy way to address your immediate capital requirements. They are an alternative to the traditional methods of funding from banks and other financial institutions. Most businesses require short-term instant funding to tide over crises like hiring staff, purchasing equipment, etc. While traditional methods take a lot of time and require detailed documentation and collateral, merchant cash advance bypasses all those requirements and provides the small business owner with a quick source of funding.

How Does it Work?

Companies that offer this form of financing to small business owners will assess your past and current business revenues. If the revenue flow is found to be satisfactory, they will connect you to a funder who can match your requirements. Once you accept the funder’s offer, the funds are deposited in your business account within a few days. Repayment terms are very flexible and based on a certain percentage of your monthly sales in the future. Basically, you agree to repay the advance out of your future profits.

Benefits for a Small Business Owner

A merchant cash advance offers multiple benefits to a small business owner, many of which are mentioned in Crest Hill Capital reviews. The evaluation process is quick and simple. Most small business owners have the problem of bad or no credit scores which hamper their ability to secure funding from traditional sources like banks. An MCA is however based on your revenues, and not your credit scores. The paperwork and documentation required is very minimal. Funds are transferred to the owner’s business account almost immediately. There is no restriction on how these funds can be used. You can use it to pay off an existing loan, purchase new equipment, add inventory, hire new staff, open a new location, make urgent repairs to your establishment, or any other need.

The Best in the Industry

Crest Hill Capital LLC provides effective financial solutions for small businesses such as automotive stores, liquor stores, nightclubs, trucking companies, medical stores, and retail stores. They are reputed for their fast approval process, accommodating terms, competitive offers, and zero application costs. They are well known as one of the most trusted business finance lenders in the industry to offer the best financial solutions for small businesses.

If you think you qualify for a merchant cash advance, go ahead and apply for this stress-free form of financing.