Non-bank financial institutes are those who do not have a banking license and they are not permitted to accept deposits from the public. They do however, offer other services line financial consulting, money transmission, check cashing, risk pooling and brokering and investment. Cresthill Capital is an example of non-bank financial institute and they actually offer competition to banks. They help small businesses that require working capital. They are ready to finance most businesses except start-ups and they are not very keen to finance new ventures. The processing required by banks is not required and they do not ask for a collateral. They are welcome to undertake high risk investments. Loans are approved quickly without much hassle.
Starting a new business and having it take off better than you expected is always good news. However, as a result, you may encounter the problem that you cannot handle the increased business yourself. Although a better problem to have than your business not succeeding at all, depending on your specific kind of business, this can be just as big a problem to solve so your business can meet your market demand – and not burn itself out too early to succeed at scale.