Small Business Capital Funding | Business Finance Online

How Competition Can Impact your Liquor Store

Whether you own a large store or a shop around the corner, there’s no denying that competition that greatly affect your business. This is why many stores opt for liquor store business financing to overcome the pressure that competition puts on the business.

Loss of customers

Customers can be quite fickle-minded when they decide to visit a store. Even if you have stocked up on the finest brands, something like bad décor could drive your customers away. Thus, it helps to look at your business from a 360-degree angle to identify aspects that could be causing lower traffic to your store. If you don’t have the necessary funds to tackle these needs, then opt for small business finance for liquor stores, which will help you meet urgent financial requirements.

Loss of reputation

Are customers constantly comparing your business with that of the competition? Is your store relatively new, and you’re not able to compete with larger stores? It may be time to take matters into your own hands and deal with the situation. For example, with the right funds, you can get the help of a marketing expert or kickstart an online social media marketing campaign. There are ways to get your brand out there in the market so customers recognize and relate to it. For the necessary funds, you can apply for liquor store business financing to help you meet these expenses. Further, you can also offer discounts and specials, especially during holiday seasons, so customers will be drawn toward your store.
A merchant cash advance comes in handy as it can be paid back from your regular credit card transactions. Therefore, it adds no extra stress on your business. To overcome financial problems in business, apply for alternate funding and give your business a new lease on life.

Ways to Get Your Trucking Business to Success

The trucking industry generates revenue of over $700 billion annually. Needless to say, the industry is rife with competition. To succeed in this thriving industry, incorporate the following strategies into your business model.

Find ways to expand your client base

The first step towards succeeding in the trucking industry is expanding your customer base. This is best done by meeting potential customers personally. This will help develop a real connection with them, and such connections form the basis for long-lasting customer relations. Understand what your potential clients are looking for and incorporate such provisions into your business. The capital required to make these changes can be availed from service providers that finance commercial truck businesses through merchant cash advances.

Stay on top of documentation

When you think of trucking, paperwork is the last thing that comes to your mind. However, a trucking business involves documentation of routes, orders, fuel, etc. A trucking business that has its paperwork in order works like a well-oiled machine. Invest in a back office that is staffed with efficient employees who are adept at maintaining proper documentation. The funds required for this can be procured from service providers who offer merchant cash advances as part of their trucking business funding scheme.

Be wise about your fuel purchase

Cost-efficiency is a hallmark of a successful business. Find ways to reduce the costs on your greatest expense in trucking- fuel. Tax on fuel is usually dependent on the state in which you fill your tank. However, fuel for trucks is taxed on the basis of the quantity of fuel used every journey. You can cut these costs if you buy fuel from pumps that offer the lowest base price as opposed to the lowest pump price.

For more details on trucking business funding, get in touch with reputed lenders in this niche.

Growing a Successful Liquor Business Just Got Easy!

If you’re looking to start or expand your liquor business, then liquor store purchase financing is just what you need. A traditional financial institution will definitely be hesitant to lend funds to businesses in this niche. On the other hand, if you choose alternate funding solutions, you could get started with your business right away.

How to get the right capital?

There are highly reputed and professional lenders that offer small business finance for liquor stores. Not only do they understand the intricacies of this niche, but they have several funding solutions that would be ideal for your business. Many stores that have struggled for finances have opted for a merchant cash advance. This product is one of the easiest ways to fund your business as the process is quick and uncomplicated. You can quickly apply online, provide the necessary documents and receive funds in as little as three business days. Once your application has been approved, a funding specialist will contact you to explain the funding solutions available to you.

How to use the extra funds?

As a liquor store owner, there are various ways in which you can use liquor store purchase financing. Extra funds can be used to pay for the right location, buy furniture or equipment, hire experienced staff, do repairs or maintenance, enhance security features, etc. You could also heavily invest in marketing and advertising, so new customers frequent your store. Using a merchant cash advance, you can introduce new offers or discounts, especially during the holiday season. Further, you can invest in inventory so your customers won’t be disappointed.

Small business finance for liquor stores is the right way forward if you want to succeed in your business. Go ahead and apply to find out if you’re eligible.

Working Capital Requirements for a Small Business

Summary: Different businesses require different amounts of working capital at different times to meet business objectives. Several key factors will determine your working capital requirements.

Working capital is the level of funds you require to keep your business operational. Working capital can simply be defined as the difference between a company’s current assets and liabilities. It is important for smaller businesses to maintain positive working capital because mainstream financial institutions may not be able to process funding at the required time. Capital funding for small businesses can be obtained through a merchant cash advance facility. The amount of working capital you require to operate smoothly depends mainly on the type of business, operation cycle, and business goals for growth. Let us examine the key factors that will determine your working capital requirements.

Type of Business

Businesses will require different amounts of working capital, depending on the nature of the business. Brick and mortar businesses that require to stock physical inventory will require a considerably higher amount of working capital to run smoothly. This includes retail and wholesale businesses as well as manufacturers. It is important that manufacturers have a supply of raw material to add to their inventory to make their products always available to distributors and customers. Seasonal businesses may require higher capital during specific times of the year. For example, winter clothing will be in high demand during winter, and retail stores will have to stock up on extra inventory and add extra staff to keep up with this requirement during this period. Businesses that deal with intangible products or services such as consultants will require lower working capital. Small business owners will have to turn to online business funding to raise funds quickly in the form of a cash advance so that their operations can run unhampered.

Operating Cycle

In an ideal situation, your business will be able to pay back its debts with revenue from sales. However, this may not be possible in every situation as sometimes, it may take more time to raise that kind of revenue, which will take care of your operational needs as well as your other financial obligations. Apply for small business funding online to take care of your additional capital requirement. You can receive a cash advance based on the projected future sales, and repayment terms are generally flexible.

Management Goals

Your specific business goals will also determine the amount of working capital that you require to run your business smoothly and profitably. Small businesses looking to expand in terms of size or additional stores will require more working capital. Those planning to add more products or develop new methods will need to spend more on R&D. A cash advance is the quickest option to obtain capital funding for small businesses when compared to other forms of funding.

In order to meet all your business needs for capital funds, a merchant cash advance is quick, simple, and convenient and can help you grow your business without any interruption.

Two Common Mistakes that Small Businesses Should Avoid

There are thousands of small businesses across the United States, but unfortunately, not all are successful. It takes good business sense and the ability to capitalize on opportunities to really succeed in any industry. With small business capital funding, there are specific steps that you can take to ensure the growth of your business. However, whether you run a retail store, a medical shop, a nightclub, or a trucking business, it is important that you stay away from these dangers.

Staying away from technology

If you are not a tech-savvy business owner, investing in technology can seem a bit scary. However, the right technical products can save time, effort, and cost in the long run. It can also lead to better sales and revenue. For example, investing in inventory management software can help you keep track of inventory levels, shortages, fast-moving products, etc. Business funding companies can help you secure timely finance so you can buy products that will help your business become more effective.

Staying away from marketing

Irrespective of the nature of your business, there is bound to competition from local as well as national stores. As a business owner, you would need to keep abreast of what the competition is doing and then identify ways in which you can increase your market share. With small business capital funding, you can have the working capital to create flyers, brochures, or even a full-fledged website. Further, you can invest in in-store marketing such as window displays, discounts, special offers, etc.

Don’t let financial shortages affect your growth plans for the future. Apply for a merchant cash advance from business funding companies and set your plans in action. With flexible repayments and a stress-free application process, a cash advance is your best possible solution for additional working capital.

You Need To Jump On The Web Bandwagon Today! This Is How.

If there is one thing 2020 made crystal clear, it is that you cannot sit on the fence about taking your business online. It is no longer about deciding ‘if’ or ‘when’ you go virtual, but rather ‘how soon’– and ‘why’ you haven’t done it already?

The already accelerating trend for eShopping and online B2B marketing and sales was given a big bump due to the pandemic. Consumers moved online wholesale and the changed buying behaviors of 2020 are expected to hold steady in the long run. So, if you are a business owner – of any type of business – without a digital footprint, then you need to call a Digital Marketing agency today.

And just in case you are wondering if the World Wide Web is essential for every business? Then the short – and unequivocal – answer is YES!

It is not just a critical business component for B2C retailers selling directly to individual customers, but it is equally essential for B2B or other companies who might not want to sell directly in the virtual world. Establishing a web presence is as much about brand building, discoverability, and reputation as it is about making a cash sale.

How to start building your digital presence?

The first step is to hire a reputable digital marketing agency or a professional to strategize and plan your online debut. You – along with your partner agency – will have to make many decisions based on your business activity, target audience, industry, and myriad other factors. These will become the foundation of your digital efforts in the long run.

It is important to have a 360-degree digital plan that includes building a brand website, company integration on third-party sites, listings in various portals, and of course, social media engagement.

You will also need to put aside a decent advertising budget to make your business stand out from the clutter and reach your target audience.

In the long-run, you must keep updating and innovating online to maintain and expand your reach. Online marketing and eCommerce is an ever-evolving field, and for continued success, one needs to persistently engage present and potential customers.

The scope listed above would have made it clear to you that going online is not a simple or cheap affair. Sure, you can build a website for very little, but to really attract and retain customers and build your brand, you will need to invest more and budget for the long run.

Where do we come in?

While your profits will define your regular advertising budget, we can help you with the initial investment. Over the years, our industry-best cash advances have helped thousands of businesses test new waters and expand beyond their original plans. So, if you see a clear path to growth in the virtual world, then reach out to our team to find out how much financing you can qualify for from us to get started.

Prep Your Business For The Holiday Season With A Merchant Cash Advance

The holiday season is the money-making time for most retail businesses! If done right, a good holiday season can actually bring enough profits into a business to sail through the extreme low-season cash flow challenges. All SME owners know this, and most plan well to make the most of the Christmas season; however, many get tripped by one big stumbling block – money!

So how can you avoid falling into the cycle of low-investment-low-profit this year? The answer is simple, by bringing in financing on time. Naturally, maxing out your credit cards or queuing up at the bank is not going to work, and thankfully alternative financing agencies like ours can be relied upon to provide financial aid where and when needed.

At Crest Hill Capital, we specialize in providing small and medium-sized businesses with fast and hassle-free access to merchant cash advances.

What Is A Merchant Cash Advance?

An MCA can be defined as an advance payment in exchange for a percentage of future sales from a business. Businesses that apply for a cash advance will get the amount deposited quickly into their accounts and repay the amount and associated fees as daily/weekly deductions from their business revenue.

A merchant cash advance is great for fulfilling short-term capital needs and can also be used as a liquidity booster for new business ideas.

The Crest Hill cash advances are

Extremely fast – often servicing clients in 24-48 hours;
Flexible – offering freedom to take on any amount
Fair – taking a holistic view of the creditworthiness of the business

Some of our clients have used our MCAs to manage high-seasonal peaks by:

Buying more inventory well-in-advance to accommodate the growing demand
Hiring extra staff to manage the holiday rush
Providing attractive discounts and seasonal offers
Laying on extra marketing budgets to attract more customers.

The list goes on!

If your business can make money during the upcoming holiday season, then now is the time to pull out all the stops. With alternative financing options, you finally have the capability to execute your biggest ideas. Don’t waste this opportunity!

Call the Crest Hill Capital team to understand how much you can get and to know the details of the repayment terms and conditions. Our team can be reached at 800-828-0452.

Smart Ways to Use Commercial Truck Business Financing

If you’re the owner of a trucking business, you may be already aware of the areas that need an infusion of funds. To take your business to the next level, you need to invest in certain areas to increase profitability in the long run. This is where trucking business funding can help.

Recruiting the Right Team

Unless you have skilled operators handling your fleet, you run the risk of accidents, which may even have legal implications. With trucking company funding, you can hire experienced and trained drivers. Apart from recruitment, as a business owner, you also need to ensure good working conditions as your staff may be involved with loading, lifting, and other dangerous activities.

Covering Maintenance Expenses

It’s a well-known fact that this business has a high overhead cost. From repairs to gas, there is a number of expenses that simply can’t be ignored. Just a couple of months of slow business can drain your finances, and you may find yourself in trouble. To combat this, you can apply for commercial truck business financing in the form of a merchant cash advance.

Meeting Government Regulations

When you have adequate funds in your business bank account, it makes it easier to follow new regulations instituted by the government. From necessary paperwork to investing in electronic monitoring, you can adhere to safety and health standards that are practiced in the industry. Further, with COVID-19, you may have to spend extra on sanitization and maintenance.

While running a trucking business may be expensive, you can meet your financial requirements by applying for a cash advance. This simple application process and flexible structure for repayments will reduce your stress off your business. Contact leading lenders in the market who offer trucking business funding.

Three Examples of How You Can Use Alternative Financing to Pivot Your Business Model

Agility is the secret spice for successful businesses across the globe.

Economic factors keep changing, and technological and geographical disruptions can even leave the most successful businesses struggling. The pace of this evolution has picked up in the last decade, and sometimes it takes just a couple of years for entrenched business models to get usurped by innovative forces. The key to remaining profitable while facing changes is to stay ready and willing to pivot your business to adapt to the new business environment.

Here are three examples of how Small Business With Small Capital changed their existing models to match the changing demands of their target customer groups. Crest Hill Capital helped them with merchant cash advances to adjust their business models:

Dine-in to Catering

The restaurant business is very profitable but also notoriously competitive. Running a fully staffed kitchen and renting an expensive location can result in standing costs that must be met even when the foot traffic is low. To make sure profits remained steady, one of our clients set up a fine-dining catering service for corporate events. This allowed him to open up a secondary revenue stream to ensure low season or changing diner behavior didn’t affect his bottom line much.

(Chris used our cash advance to set up an outside kitchen and hire a van for his catering business).

Physical Storefront to Ecommerce

The massive explosion in online shopping led 63-year-old Joanna to finally jump into the virtual marketplace and tread ahead of her competitors. Not a digital native, she opted to use a professional agency to get her craft store online.

(Joanna used Crest Hill cash advances to hire a digital marketing agency to build her website, run her social media assets, and paid marketing campaigns).

Accounting Office Goes Online With SaaS-Based Financial Services

Many services, such as accountancy, financial consulting, and bookkeeping can be done entirely online. In fact, putting these services online can help companies expand their customer base outside their cities. One of our clients did just that! James and Susan turned their accounting and bookkeeping business into an international service provider by shifting their operations online. They shut down their expensive office and worked from their home offices to save costs and positioned their brand as a subscriber-led service for foreign companies transitioning to the US market.

(We helped James and Susan hire a brand consultancy and digital marketing firm to recalibrate their business outreach and attract international clientele).

If you have a business idea in mind that can keep your profits stable in the long run, don’t wait to implement it. If a lack of capital is the sticking point, then call us at 1-800-828-0452 to understand the details of our cash advance products. We have helped thousands of small businesses over the last few years and will undoubtedly be able to help you too!

PROVEN WAYS TO ATTRACT MORE CUSTOMERS TO YOUR NIGHTCLUB

Every nightclub owner would want to see their space filled with people, lively music, and fun times. To achieve this, it is important to create the right atmosphere, so customers are drawn to come inside, not just over the weekend but on weekdays as well. Take a look at how nightclub financing can help.

Themed Events

Similar to how hotels offer innovative dishes and seasonal specials to attract their clientele, a nightclub can host an event such as a cocktail party, food fests, fashion show, music concert, or a themed night. You can base these events on popular holidays or occasions such as Valentine’s Day, Christmas, or New Years’. There are reputed lenders that offer nightclub business financing to meet these needs.

Marketing Efforts

In most cases, people are looking for trendy venues that they can visit with friends or family. How do you make them aware of your nightclub and what it offers? One great technique is to send text messages as it gets the message out quickly, and you can reach a huge section of your target market. When you get a cash advance for business owners, you can also use the funds to post your events or offers on local pages or groups. This will help reach out to people in your locality and neighborhood.

Social Media

Whether it is Facebook, Twitter, or Instagram, your nightclub needs to have an online presence. However, managing a social media strategy can be difficult unless you outsource it to a marketing specialist who can create and run campaigns on your behalf.

To meet all these needs, simply apply for a merchant cash advance and use the funds to grow your business. Nightclub financing is quick, simple, and very convenient when compared to most other forms of funding.