VC23-Got A Small Business You Need To Know About This Loan First - Velocity Channel
Navigating the financial landscape can be a perilous journey for small business owners, especially in the trades. This episode unveils the harsh realities of traditional lending, where 86% of small businesses face rejection from banks before they ev…
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VC23-Got A Small Business You Need To Know About This Loan First - Velocity Channel
Navigating the financial landscape can be a perilous journey for small business owners, especially in the trades. This episode unveils the harsh realities of traditional lending, where 86% of small businesses face rejection from banks before they even apply. Discover how many are pushed toward merchant cash advances (MCAs) with shocking APRs that can soar from 14% to 350%. Learn why relying on brokers can lead to hidden fees and increased loan costs. Enter Frank, a unique funding partner that connects small businesses with real bank loans, sidestepping the predatory techniques typical in the industry. With a focus on HVAC, plumbing, and construction, Frank aims to empower entrepreneurs in retail, hospitality, and various professional services. The episode details how Frank’s model works, cutting through the misinformation surrounding loans. From filling out a simple form to receiving terms in under 24 hours without any upfront fees, Frank positions itself as a viable alternative for businesses needing capital to grow, acquire equipment, or manage cash flows. The show emphasizes the distinction between leverage and debt, driving home the virtue of borrowing wisely to acquire income-producing assets. The discussion elevates financial literacy by encouraging business owners to verify terms, scrutinize rates, and understand their obligations before signing. Join us as we explore strategic ways to secure funding that can help revitalize your business model and avoid the alternatives that lurk in the shadows of traditional loans.
Categories: Money