Arnon Dror Video – 3 Key Benefits of Merchant Cash Advances for Entrepreneurs
Many entrepreneurs may experience a severe cash crunch in the course of operating their businesses. They find it very difficult to manage their establishment’s finances during this phrase. In many cases, they may come across opportunities to expand their market operations. However, they may not have the money to implement their schemes. In such situations, they may consider borrowing the funds they need from external sources. However, they may not be comfortable applying for commercial loans for obvious reasons. The lenders lay down too many stringent eligibility requirements. The borrowers find fulfilling such conditions to be a tall order. This is the reason why experts suggest they should consider merchant cash advances.
Is it worthwhile for entrepreneurs to opt for merchant cash advance schemes?
Arnon Dror is a well-known professional in the world of international business. This MBA graduate is the former Vice-President (Finance) of US Channel Group. He has over 20 years of valuable experience in this field. This international executive in-depth knowledge in many diverse areas. These include cash flow management, internal control, ERP integration, corporate mergers, business negotiation, and international taxation. He has the distinction of turning many loss-making companies into lucrative concerns. Entrepreneurs just need to view Arnon Dror video on the internet to know more about this aspect.
This financial expert explains that many entrepreneurs may have come across the term ‘merchant cash advance.’ Unfortunately, almost all of them are unaware of how it can cater to their requirements. In this mode of finance, these businessmen can get the money they need from a reliable financier. However, they have to offer suitable collateral to this service provider. Generally, it is in the form of the future plastic money sales they generate. He goes on to point out the following 3 important advantages of this mode of finance:
- A hassle-free online application process
This is the first thing entrepreneurs need to know about this mode of finance. Almost all the service providers offering the public merchant cash advance facilities maintain their own websites. These businessmen just need to fill up an online application form from any of these sites. While doing so, they got to provide relevant information relating to their commercial establishments.
- Creditworthiness is not relevant
Service providers providing merchant cash advance facilities to the public have own eligibility criteria for their clients. These financiers show no interest in the creditworthiness of the entrepreneurs they do business with. They are lending out money to these owners against the future credit cards sales they generate. In many instances, these proprietors use such funds to clear their outstanding debts.
- Access to instant capital
This is what sets merchant cash advance facilities apart from other traditional modes of finance. Entrepreneurs don’t have to wait too long for the funds they need under this scheme. In many cases, the waiting period is only one week. This is a far cry from most commercial loans available in the market. This is one important aspect which most proprietors cannot overlook.
Professionals fall within Arnon Dror age group agree with this prominent financial expert. Merchant cash advance facilities can work wonders for entrepreneurs. They just need to go through the above 3 important advantages to clear their doubts. They can get the money they need to operate their establishments without the inconvenience.