Why Choose Alternative Lending Over Traditional Lending

Views:
 
     
 

Presentation Description

Do you keep chasing traditional lenders to fulfill capital requirements for your business expansion? Are you tired of long paperwork and waiting time for approval from banks? Are you tired of running after people to access funds for your business? If so, why haven’t you tried alternative lending yet?

Comments

Presentation Transcript

Slide1:

Why Choose Alternative Lending Over Traditional Lending?

Slide2:

Do you keep chasing traditional lenders to fulfill capital requirements for your business expansion? Are you tired of long paperwork and waiting time for approval from banks? Are you tired of running after people to access funds for your business? If so, why haven’t you tried alternative lending yet?

Slide3:

In the last decade, a number of alternative lending companies like  Cresthill Capital  have emerged and saved the small and medium scale business owners from all the hassle. In fact, a number of SME owners have started to realize that it is a far better option than banks and other traditional lenders when it comes to small business funding.

Slide4:

Wondering why? Well, just go through these points below carefully to get answers to all your doubts:-

Slide5:

Quick & Easy Approvals In a normal scenario, banks do not really prefer funding small and medium scale business owners. One of the biggest reasons for this is a not-so-great credit score. On the contrary, prime alternative financing companies like Cresthill Capital Reviews all the applications closely and aims at processing each one of them as soon as possible. Unlike banks, it does not take ages to approve an application.

Slide6:

And that’s because, instead of credit scores, it checks other transactional details of the applicant for judging the creditworthiness. Massive automation as well as digital accessibility to check details such as sales records, social media history, cash flows, etc. help alt-lenders work so swiftly and smoothly.

Slide7:

Flexible and Customized Offers Since banks and other typical money lending organizations have to follow a number of regulations given by the government, it becomes very difficult for entrepreneurs. An urgent requirement of money when you do not have enough assets to put forward as collateral can even cause business failure.

Slide8:

However, Cresthill Capital and other leading alt-finance companies offer a number of flexible funding options to its customers which can be extremely helpful in adverse conditions. A few of the most popular types of small scale business funding include- working capital funding, equipment funding, expansion funding, business line of credit, merchant cash advance, etc.

Slide9:

So, basically, no matter how small or large scale funding your business requires, there’s always something for you at alternative funding companies.

Slide10:

No Credit Score, No Collateral When it comes to the approval of applications,  Cresthill Capital Reviews  the revenue stream of the applicant and NOT the credit score. For alternative financing companies, the credit score and collateral do not play a vital role. Instead, they consider other important factors for considering credit approval. Since alt-lending is open to alternative factors of calculating the creditworthiness, more and more small business owners are getting attracted to it.

Slide11:

As long as all the factors support the direction of debt repayment, your application can never be disapproved. Nevertheless, to skip cheating or hidden costs, it is always suggested to go through online reviews of your private fund provider before making a deal. Choosing trustworthy and reliable alt-lending companies like Cresthill Capital can give you the freedom to expand, innovate, and recreate your business without worrying about funding.

authorStream Live Help