Why you need to be a part of our business financing coaching program!
At a networking event we attended I met a business owner that inspired us to create our business financing coaching program.
He had just narrowly avoided having to shut his business down. As I spoke with him, I was appalled to learn about what had happened to him.
He had approached a loan broker to obtain a small “credit builder loan”. This broker convinced him to take out a business cash advance!
First, these loans have extremely high interest rates. He had good credit, not the normal candidate for a cash advance loan.
Second, these loan DO NOT REPORT. So there is no way it could build his credit.
Third, this broker neglected to tell him that the loan required a DAILY repayment from his checking account. Yes, it was in his paperwork. But he unfortunately, English was his second language and he didn’t understand it.
Even though he had a successful cleaning business, he gave his clients net 10 terms. And daily repayment wasn’t possible for him.
At the end of the day, his family came together and helped keep money in his account to make the payments and he paid them back when he got paid. But this loan nearly put him out of business. The interest rate was so high that he paid back nearly double of what he took out AND the whole purpose of the loan was to help him build credit. Which this didn’t.
Unfortunately, with the rise of business cash advances there are a lot of unscrupulous brokers that will take advantage of an unsuspecting business owner.
That doesn’t have to be you!
There are a lot of ways to obtain business financing. But unfortunately most business owners only know about the SBA or business cash advances.
When we work with your business. We look at your finances and credit and tell you all the different ways you can obtain financing.
We pinpoint the problems that maybe stopping you from getting financing and create a plan to help you overcome them.
If you are having trouble obtaining business financing then this service is for you!
This is NOT a group coaching program. We work with you directly to find the problem and create a plan to help
Coaching calls are done via video so you can watch an re-watch as often as you need to!
Questions? Click here for available appointment times.