Credit to Cash: How to Build Business Credit & Unlock Funding With Herman Dolce

In this powerful episode of The Entrepreneurial You, host Heneka Watkis-Porter sits down with Herman Dolce, founder of Bella Sloan Enterprises, to unpack the vital role of credit, funding, and financial literacy in the entrepreneurial journey. Herman, who has helped secure over $65 million in business funding and educated thousands through his credit mentorship programs since 2017, shares his personal story—from his family background to how he entered the world of credit education. Together, Heneka and Herman explore how understanding personal and business credit can unlock financial freedom and business growth. Herman likens a credit report to an adult report card, stressing the importance of testing business ideas with personal funds before approaching banks. He offers practical advice on building business credit, such as using net 30 accounts and maintaining a strong Paydex score, and explains how entrepreneurs can access funding without relying on personal credit guarantees. They also touch on cultural mindsets around credit, with Herman noting a possible Jamaican focus on ownership over borrowing, and why shifting that mindset is essential for financial empowerment. From leveraging a vehicle for Uber deliveries and ad space, to connecting entrepreneurs with lenders, Herman shares creative strategies for generating income and building credit wisely. He emphasises the power of surrounding yourself with financially literate individuals and maintaining a strong mindset for success. The episode wraps with a reminder of the urgent need for financial literacy, as highlighted in the Federal Reserve’s small business credit survey, and a sneak peek into Heneka’s upcoming conference cruise to the Bahamas, where new collaborations are on the horizon. COMMUNITY CONNECTION: In this segment, I invite our community to share your reviews, questions, feedback, ect to engage with us. This week I am sharing a podcast review: Brilliant podcast stolley6   |   Great Britain   |  2017-10-25 ★★★★★ A must listen! A lot to learn from this podcast. CONTACT HERMAN DOLCE: Instagram: https://www.instagram.com/haitian_ceo/ https://www.instagram.com/bella_sloan_enterprises/ Website: www.bellasloanacademy.com TRENDING NOW: According to the Federal Reserve’s Small Business Credit Survey, 43% of small businesses applied for financing in 2023, yet 36% were denied due to poor credit or business structure issues. This highlights the urgent need for financial literacy and strategic credit building. If you enjoyed this episode of The Entrepreneurial You, subscribe on Spotify and Apple Podcasts, leave a rating, and share it with your friends. Visit henekawatkisporter.com to download a free eBook on how to conduct podcast interviews like a pro! AFFIRM WITH ME: I am financially empowered. I leverage credit wisely to create wealth and abundance in my business and life! Learn more about your ad choices. Visit megaphone.fm/adchoices