Arnon Dror is a very popular name in the world of international finance. He is a successful businessman who has over 20 years of valuable experience under his belt. This MBA graduate also has the distinction of working as a Vice-President in many prominent companies. These creditable organizations include Xerox, Creo Inc., Scitex, Kodak, Creo Americas and Presstek. In each of these concerns, he has a very impressive track record in achieving performance targets. The officials of these organizations also credit him with successfully executing their reconstruction schemes. People who know him say his expertise extends to many diverse areas. These include international taxation, cash flow management, IT systems, ERP integration, internal control, and corporate mergers.

Arnon Dror LinkedIn – What type of loans can entrepreneurs opt for?

This financial expert says entrepreneurs need to adequate funds to operate their businesses successfully. In the initial stages, they could use their personal savings for this purpose. However, this form of bootstrapping doesn’t really get them very far. At some point in time, they need to apply for loans from reliable institutional lenders. It is prudent for them to a service provider who can cater to their specific needs.

Moreover, these businessmen may have a vague idea on the type of scheme they should opt for. Only such a financier can help them out on this issue. This is a fact which they can’t afford to overlook.

This professional further explains entrepreneurs need to understand an important fact. There are many types of loans available in the market. Each of them has its own set of eligibility requirements which they need to fulfill. These proprietors just need to browse through the Arnon Dror LinkedIn profile on the internet. They’ll come to know more about these modes of finance. He suggests they should seriously consider applying for the following 3 important structural loans:

1. Line-of-credit loans

This loan scheme is very popular among entrepreneurs who need to overcome a cash crunch. Most reliable commercial banks provide such funds to their corporate clients at varying rates of interest. These proprietors generally use this money to purchase inventory and settle their suppliers’ dues. Many of these businessmen even take this advance to pay for day-to-day operating expenses. However, this mode of finance isn’t suitable for acquiring long-term assets such as equipment or property. Business owners should keep this fact in mind. They generally pay interest on the total amount of the advance. The period of this scheme normally for 30 days.

2. Installment loans

Under this scheme, the entrepreneurs generally repay the amount of money they borrow in equal installments. This sum includes  both the interest and the principal portion. These businessmen receive the entire amount they ask for as soon as sign relevant contract. The owners can use this loan for any purpose as long as they make their repayments on time.

3. Letter of credit

This loan is boon for entrepreneurs who operate import-export businesses. These owners can make specific payments to foreign suppliers within certain timeframe under this scheme. The banks act guarantors for these businessmen as soon as they sign the contract documents.

The above 3 important structural loans scheme can go a long way in helping entrepreneurs overcome their financial difficulties. They just need to see the Arnon Dror video on the internet to find out more about these schemes. They won’t regret taking this decision.