What is alternative lending and how it can give a boost to your small business?

1. What is alternative lending and how it can give a boost to your small business?

2. Alternative lending is a boon to small business owners, especially those who are looking for some additional cash to give a boost to their small business or add a new line of products or services. However, many small business owners, especially the ones who are just venturing out, might not be aware of alternative lending and how they can benefit from this lending option. In this post, we aim to talk about what is alternative lending and how it can give a boost to your small business.

3. Broadly speaking, alternative lending is a range of different lending options apart from the traditional ones. Alternative lenders do not pay too much attention to the usual approval factors such as credit scores, and hence obtaining it is much easier as compared to the traditional ones. Alternative lending is flexible in terms of repayment schedule, approval, and often provides cash faster. Small businesses that need quick cash to meet some immediate expenses benefit a great deal from alternative lending.

4. Since the entire process is much faster as compared to their traditional counterparts, many small business owners prefer alternative lending. If you’re still skeptical about their authenticities, then be informed that the alternative lending industry is well-establish and well-accepted in the market. Cresthill Capital is one such that has earned a high level of trust in the financial community.

5. How alternative funding can boost a small businessThe biggest benefit of alternative funding is it is fast and hassle-free. Whether a merchant is stuck for extra cash flow or needs to meet an immediate expense – alternative funding is the solution for meeting all kinds of financial crunches.

6. Types of alternative lending If you’re looking for fast liquid cash, then look for different alternative lending options available to you. Some of the popular alternative financing offers are merchant cash advance, business line of credit, equipment cash advance, invoice factoring, etc.

7. For example, invoice factoring is a type of alternative lending where a business sells its invoices or accounts receivables to an alternative lender for some immediate cash. If you are looking to bring in new equipment to your business to speed up the operations, and equipment cash advance can be a great option for you. Instead of blocking a big chunk of cash by purchasing the equipment, you can take the equipment on lease. A merchant cash advance is yet another alternative lending option where the lender gives you cash upfront in return for a portion of your future sales.

8. Until the advance is paid in full, you need to pay a portion of the amount on a daily or a weekly basis, along with the fees. If you’re a business with steady sales, you can be benefitted from a merchant cash advance. Many merchants prefer this form of alternative lending because it is pretty quick – you may expect it within 24 hours of approval.

9. Are you looking for alternative lending and not sure where to find a trusted and authenticated solution? Visit Cresthill Capital and read reviews to make an informed decision. Lenders like Cresthill Capital offer all the advantages associated with alt-lending – speed, easy approvals, and a flexible bouquet of ready-made deals. And if your requirements demand something different, then managers at Cresthill capital review your application and create a bespoke offer as well!