BGP 049 Gerri Detweiler – Building Your Business Credit
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Description
Business owners that know their credit score are 41% more likely to be approved for a business loan. In this episode we talk with Gerri Detweiler the Head of Market...
show moreShow Notes:
00:28 Introducing Gerri Detweiler
03:08 Only 72% of small business owners know their business credit scores
03:58 Nobody needs your permission to get your business credit
04:43 The traditional vs nontraditional source for acquiring capital
05:50 Case Study: How David Edmonson’s got capital for his sauerkraut business
06:59 Business credit cards vs personal credit cards
08:09 Where to start: The easiest and first type of business credit to establish
10:23 What you should expect once you have established business credit
12:10 How the your business and credit age factors into your access to capital
14:13 Why your business category determines if you are high risk vs low risk
16:02 How much capital a business owners should expect to get
17:10 Financing based on cash flow or sales - very expensive
18:02 Financing from PayPal, Square and other merchants
18:34 Access to capital based off of cash flow
19:10 Crowdfunding options like Kiva, Able Lending and Kickstarter
20:44 Do these 5 things to prepare for financing before you need it
21:36 Get your business credit score at Nav.com
23:00 Why business credit is used with government contractors and large vendor relationships like Wal-Mart and Target
26:13 Say thanks and ask Gerri question at https://twitter.com/gerridetweiler
26:50 The Ultimate Guide to Financing Your Business in 2017 free ebook at www.nav.com/ebook
Resources:
www.nav.com
Gerri’s books on Amazon
The Ultimate Guide to Financing Your Business in 2017
https://twitter.com/gerridetweiler
Special shout out to Joel at Nav for connecting us together.
Disclosure: I am an affiliate for Nav so if you sign up I will get paid a referral fee which will contribute to my burrito fund.
Information
Author | Spencer Shaw |
Organization | Spencer Shaw |
Website | - |
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