Interview with Eddie Hamid, President and CEO of iAdvance Now

Eddie Hamid, President and CEO of iAdvance Now, is among the many new names making waves in the business world today. Hamid specializes in the alternative financing industry, meaning that he helps small businesses access the capital they need to grow without all of the complicated processes required by traditional banking institutions. iAdvance Now offers a broad range of financing solutions suitable for any business, including merchant cash advances, term loans, and lines of credit.

Hamid started the company after his prior experience as an insurance agent and senior account executive at Bounce Business showed him just how hard it can be for small businesses to borrow money. Today, iAdvance Now serves every type of business imaginable, from small retailers to companies in the entertainment industry.

We recently had the chance to sit down with Hamid and discuss what has made iAdvance Now such a successful company.

How Did You Get Started In The Alternative Lending Industry?

I'm a big believer in economic empowerment, or the idea that anyone can succeed as long as they work hard and never give up on their dreams. Unfortunately, I've seen many entrepreneurs struggle to secure the capital they need to compete in the modern marketplace. I started iAdvance Now to right this wrong and make the dream of economic empowerment attainable for every business owner.

What Are The Core Values Of iAdvance Now?

We want to help entrepreneurs succeed by providing versatile and speedy financing solutions that give them the capital they need, when they need it, and without curtailing their prospects for future growth. To this end, we offer a straightforward application process with much less red tape than the average bank and very fast turnaround times: 24-48 hours on average.

We also want to work with our clients to ensure the best possible outcome for everyone involved. For example, our experts are trained to help entrepreneurs pinpoint which of our products would be the right fit for them. This idea also extends to our corporate culture. As CEO, it's my job to make sure that everybody on our team knows exactly what we want to do and what they can do to help attain those goals.

What Helps iAdvance Now Stand Out Compared To Other Lenders?

There are so many answers to that question! We honestly want to help businesses succeed, a drive that is sadly lacking in many other lenders. We also take pride in making our application process as simple as possible, while other lenders use a shield of technical jargon to maximize their own bottom line at the expense of their customers. Finally, I really feel that our commitment to teamwork is among the primary reasons we are a leader in the alternative finance industry.

Who Would Benefit from Using An Alternative Lender?

Nearly any company can benefit from working with us! If you need money now to restock inventory, open a new location, or just keep the doors open during a lean time, we offer a financial solution tailored to your needs. We are also an ideal choice for businesses that can't secure a traditional loan at all due to their credit histories. Our application process is based entirely on what you are today, not what you were a decade ago.

We proudly work with medical offices, bars, car dealerships, retail stores, and businesses in the hospitality industry, so we probably have experience in your specific industry. If we don't, we're more than willing to learn the ins and outs with you. Either way, we don't want to be seen as your lender, but as your partner.

What Are Your Favorite Tools And Resources For Your Work?

Our most important tool is our CRM software that allows all our associates to communicate with each other and our clients in real time. We recently upgraded all our computer systems, and the result has been a clear improvement in the experience we provide. As for resources, I love business books and other titles that offer practical advice for everyday situations. Sun Tsu's The Art of War is a perennial favorite of mine because it offers so many lessons in one convenient source.

If you're interested in learning more about Eddie Hamid and the expert team at iAdvance Now, you can follow them on social media platforms or visit them online at iAdvanceNow.com.