Ep 02: Getting Creative and 100% Financing a Business

Ready to start using other people's money to fund your dreams?

Well, I finally bit the bullet and took this down my own path, and it has been something. I'm sharing the journey of going down the 100% financing route.

I candidly share her aversion to taking out loans and using other people's money but acknowledge the necessity of doing so for business growth. I also get into my experience with obtaining an SBA loan, highlighting the unexpected complications and red flags she encountered with her loan representative, including unauthorized sharing of her personal financial details and undisclosed loan conditions that almost jeopardized her deal.

I also reflect on the importance of thoroughly reading contracts and exploring multiple financing options before making a decision, emphasizing the lessons learned from her experience, such as building business credit and relationships with financial institutions, which can facilitate better loan opportunities in the future. The episode concludes that despite the hurdles, she successfully completed the loan process without putting liens against her existing business, ultimately achieving a no-money-down acquisition while preserving her assets.

This podcast is sponsored by my community, the 1-Hour Marketer - Learn what to focus on in your business and spend just one hour a day, growing it to freedom. Join my FREE masterclass to see how you can go from Confused → Clear → Crushing it!

https://www.eringregor.com/pl/2148134318