The importance of funding companies cannot be neglected in small and medium scale businesses. Sadly, ever since the banks started tightening their regulations, small business owners found it quite difficult to get approval on their applications. This is when the alternative financing industry evolved and came into the picture.
These reliable non-bank funding organizations focused on providing financial assistance to SME owners and making them more powerful, that too at extremely flexible cost structures and repayment options. After discovering this new alternative option, entrepreneurs have become a lot more favorable towards alternative lending companies like Cresthill Capital/Mantis Funding because unlike banks, their evaluation criteria are not stuck between credit score and collateral.
Instead, they consider other more important factors such as the business model of the company, revenue stream, expense patterns, etc.
Apart from that, just in case you are not satisfied or have some issues to be resolved, they have a completely dedicated department named Cresthill Capital Complaints. Here a team of experts deals with all your issues and grievances and makes sure they are resolved at the earliest.
Thus, it is quite clear that the alt-lending industry is more focused on providing customer satisfaction rather than just making sheer profits from those in need.
Why do small business owners require fast cash?
Be it any business at any scale, money plays the most important role to keep it operating. However, in the case of small and medium scale business owners, a lack of cash accessibility can be no less than a nightmare. It can immediately affect the daily tasks that keep the business running.
A few common examples of such a scenario include unexpected price hike of products, hike in wages, new vendors, a rent hike, expansion of business and so on. Since these situations cannot be predicted and show up as a surprise to business owners, a hard cash crunch might result in consequences.
Thus, alternative financing companies like Cresthill Capital/Mantis Funding play a major role by offering great deals to SMEs in various modes including a merchant cash advance, capital funding, line of credit, etc. depending on the requirement of the business.
How is Alt-Financing better than traditional financing?
We all know that traditional funding institutions such as banks are quite stringent when it comes to their terms and regulations. They mainly judge the credibility of the borrower through outdated methods like the assessment of credit scores and assets. Also, the entire procedure right from the application to verification to sanction of funds in the account is extremely complex and time-taking.
On the contrary, alternative financing companies make sure the application process is not only easy but also super fast. In some cases, when alt-lenders find it urgent they even transfer the funds to the customer’s business account in just 24 hours!
Moreover, to ensure that every customer is treated best and stays satisfied throughout the deal, an experienced team of professionals resolves all the Cresthill Capital Complaints as soon as they are received by them. Through this quick, easy, and flexible method and comprehensive approach, alternative lenders make the best option to go for small and medium business owners.