A panel of experts explore the pros and cons of MCA financing while also looking at navigating and negotiating the documentation necessary to enter into this type of financial arrangement.
CHICAGO (PRWEB) May 18, 2018
Many companies, and most of any size, use borrowed funds as part of their capital structure. Depending on the nature of the business, its size, time in business, whether it has adequate collateral, and other factors, a business has myriad options when borrowing funds. This BUSINESS BORROWING BASICS 2018 Financial Poise webinar series provides a guided tour of the various borrowing options available to businesses, from both a business and legal perspective. Major topics covered include asset-based lending, P/O Finance, Factoring, Merchant Cash Advances, and Market Place Lending / Fintech. Learn the advantages and disadvantages of each, tricks of the trade when negotiating these arrangements, and more!
The fifth episode of the BUSINESS BORROWING BASICS 2018 series is Merchant Cash Advances, premiering on May 23rd at 2:00 PM CST (Register Here), and features Moderator Jonathan Friedland of Sugar Felsenthal Grais & Helsinger. He is joined by Raffi Azadian of Azadian Group, Dean Landis of Entrepreneur Growth Capital, and Patrick Siegfried of Usury Law Blog.
Financing through a merchant cash advance (MCA) is used mostly by companies that accepted credit and debit cards for most of their sales, typically retailers and restaurants. The concept is this: funder purchases a portion of the company’s future credit card receivables for a discounted lump sum. The MCA funder receives the purchased credit card receivables as they are generated either by taking a percentage of the company’s daily credit card proceeds or by debiting a certain amount of funds from the company’s bank account. Depending on the risk profile of the company, it can be a more expensive form of financing for a business compared to other types of financing.
This webinar explains the nuts and bolts of MCA financing, its pros, and its cons. It explores the documentation that is necessary to enter into such an arrangement, including how to negotiate that documentation.
The BUSINESS BORROWING BASICS Series is Co-Produced by Financial Poise™ and the New York Institute of Credit. Merchant Cash Advances is sponsored by Premier Travel Management.
The final episode in this series is “Marketplace Lending/Fintech,” which airs on June 20th at 2 PM CST. All episodes will be available live through West LegalEdCenter and then on-demand following the live premiere.
As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.
About Financial Poise™
Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to investors, private business owners and executives, and their respective trusted advisors. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can “buy” her way onto the Financial Poise Faculty.™ Start learning today at https://www.financialpoise.com/
About New York Institute of Credit
The New York Institute of Credit (NYIC) was founded in 1918. A non-profit organization, NYIC bridges the gap between business theory and practice. The faculty of NYIC consists of educators who are primarily credit executives or prestigious and articulate accountants or lawyers who are appreciative of the value of a close alliance of the professions. The synergetic education created out of that special relationship has been effective and acknowledged. You can read more about NYIC here.
About Premier Travel Management
Premier Travel Management is a privately owned corporate travel management firm located in the heart of Chicago for over 25 years. Premier Travel Management’s primary goal is to provide unsurpassed professional, yet personal, service to the corporate traveler while offering cost containment programs to their clients for managing travel budgets. To learn more about the services offered by Premier Travel Management, please go here.