Top 5 Reasons to Pursue A Retail Store Cash Advance

1. Top 5 Reasons to Pursue A Retail Store Cash Advance

2. A successful retail store owner knows that running a profitable business involves many different costs. Staff, product inventory, rent, maintenance and utilities make up most of the operational costs. It is difficult to continue providing products and services without sufficient capital. Due to this, many retail store owners approach lenders such as Crest Hill Capital for retail store business financing to keep their business running consistently. So why should retail store owners apply for a cash advance?

3. Simple Application Process When you approach a reputed lender such as Crest Hill Capital for your cash advance requirements, the first process is that you will be required to submit your most recent credit card statements. This is collected to ensure that your business receives enough credit card transactions to successfully utilize this product. The application form for merchant cash advance for retail stores is filled online fairly quickly.

4. High Approval Rate One of the reasons many business owners choose a merchant cash advance is because of the high approval rate. So do not be so concerned about whether you will get the approval or not. If you approach a traditional bank, they would require seeing your credit score over a longer period of time. A low credit score would almost certainly disqualify you.

5. However, business owners have not found reason for Crest Hill complaints as disbursement of funds in the form of a cash advance is not dependent only on your credit score.

6. No Collateral Required For traditional funding from banks, you will be asked to provide collateral to safeguard the bank’s interest. For many business owners, this could be their home or any other high value asset. Should something happen and you are unable to pay your loan, the bank could seize your collateral which leaves you in a bad situation.

7. Utilize Funds the Way You Deem Fit The beauty of merchant cash advance is that you have the flexibility to utilize the cash however you want. This is unlike bank financing where your spending is limited and they control how you spend the funds. Once you receive your cash advance, you can use it to upgrade your interiors or in other areas where your business requires further attention.

8. Flexibility in Repayment When you apply for a cash advance, the last thing you need is pressure for repayment. In the case of cash advance, repayment is based on your business’s future receivables from credit card sales. By doing this, you are protected if there is a slowdown in sales. You are required to repay only a percentage of the sales.

9. Crest Hill Capital will help you to manage your expenses better by providing a cash advance with flexible repayment options. If you don’t have enough capital to run your business, its future can be at high risk. Consider a cash advance so that you can keep your business afloat.

10. Contact Us CREST HILL CAPITAL LLC Phone 800-828-0452 Fax: 212-743-0622 225 Clematis Street, West Palm Beach, FL 33401 Website: https://www.cresthillcapital.com/