3 Reasons Why Cresthill Capital Is Perfect For Small Business Finance
Before I started my business, I always thought of business funding as something LARGE and SERIOUS. You only went looking for outside financing when things got tough or when you wanted a huge sum.
Now, after 10 years as a small business owner, I, of course, know better! Small businesses have small needs, but if we don't get help on time, these can snowball into huge problems! We don't have vast reserves in the bank or have collaterals that can be used in tight times. We usually rely on our revenues to meet our expenses and run our homes, so sometimes even one bad run of luck or extra long off-season can create financial stress on the workings of our businesses.
Here a little bit of liquidity could help enormously. However, until alternative online lenders came into the picture, micro-funding was almost impossible to find! While we are feted as the backbone of the American economy, the truth is that banks don’t want to lend small amounts to small businesses, which leaves most of us no option but to max out our credit cards and lose our credit scores. This, in turn, of course, makes getting approval from banks for funds almost impossible – well, you get the picture, the vicious circle continues.
I thankfully didn’t get stuck in this loop! When I got into a financial fix, I found Cresthill Capital/Mantis Funding. The buzz around online/alternative lenders had reached me a while back, and I wanted to find more details, but when my 3-month's worth of inventory got soaked and ruined in a pipe burst, I didn't have time to Google around. Some people on my local industry-networking group mentioned that they had never heard any Cresthill Capital complaints, so I dialed them on the spot.
This is my experience with them –
1. They were unexpectedly fast! I had heard that online lenders are must speedier than banks when it comes to funds approval, but even then, I was surprised at how quickly things moved. From the time I filled the application on Cresthill Capital/Mantis Funding website till the wire transfer to my bank, the whole thing just took 3 business days! And that included submitting paperwork and negotiations.
2. They made the process so easy For the first time, I felt free of my credit score! There was no one shaking their heads over my less-thanperfect credit rating. They instead looked at my business – the fact that I have run it well for 10 years was all they needed to know. They checked revenue patterns and expenses, and that was it! The excellent team at CrestHill Capital guided me through every step and made the whole experience positive.
3. They gave exactly what I needed Like I said in the beginning, small businesses have small needs. My requirement wasn’t much either – I was just falling short of $8000 to get my shop in order, and at Cresthill Capital/Mantis Funding, I found just the deal to cover my expenses without getting stuck in a long term contract. I took a merchant cash advance, and the repayment was made as a percentage of my credit/debit card swipes.
For me, Cresthill Capital was god sent! I got hold of them at precisely the right moment, and it felt good to have them by my side during a tough financial period. Not only do I don't have any Cresthill Capital complaints, but I am also now planning to get in touch with them again for a more significant amount to expand my store!