Credit Rating

Need a Cash Advance but have a Bad Credit Rating?

If you are managing a small business but have a less-than-perfect credit score, don’t worry. You can still get the working capital required to meet the needs of your business. This may not be possible through traditional lending sources such as banks and other money lenders. But there are companies that provide Merchant Cash Advance (MCA) for businesses in similar situation as yours. Crest Hill Capital is one such company known for their alternate funding solutions for small and medium sized enterprises.

Credit Rating is not Relevant for MCA Application

Crest Hill Capital is not too concerned about your credit scores when you apply for a cash advance. Instead, they look at other relevant details to establish whether your business can repay the funds borrowed within the agreed time and percentage decided in advance by you and them. The repayment terms are flexible and are usually based on the future sales of your business. They even consider lean periods in your business when finalizing the terms of repayment. Once you agree to the terms, the funds are transferred into your business account within two or three working days at the most.

MCA Approval Criteria

When Crest Hill Capital reviews your application, they will be looking for documentation that provides some history of your past revenue over the last few months to arrive at a decision. Approval rates are high for most small and medium sized businesses that need some financial assistance to keep their head above water.

Another advantage of applying for a merchant cash advance is that the lenders do not require you to provide collateral in exchange for the cash advanced to you. This factor makes a cash advance an even more attractive alternative when looking for some extra business capital to invest into your operations.

Use of the Funds Received

Crest Hill Capital understands the circumstances that small business owners go through when they decide to apply for a merchant cash advance. They do not place any restrictions on how you can use the funds received for your business. Having a bad credit score does not necessarily mean that the need for some extra working capital is uncalled for. You can utilize the funds for meeting payroll requirements, modernizing your business, repairs and restoration or even hiring new employees if you are planning to expand. Doing all these can help your business compete with the larger competitors in the market and can help you increase your business profits over time.

Looking through Crest Hill Capital reviews of people on various sites can give you the confidence that a merchant cash advance is by far the best funding alternative for small business owners. It is especially beneficial for those whose credit rating will not grant them success when applying for funds through banks and other similar sources. Therefore, if you are what others consider to a high-risk client, go ahead and apply for a merchant cash advance from Crest Hill Capital and solve your immediate financial woes for your business.