Episode 61
Not all debts are created equal. There's good debt that can grow and scale your business and there's bad debt that can drive it to bankruptcy. David Kennedy of Parkside Financial joins us in this episode to tell us the risks and rewards of debts. If deployed correctly, debt can be a great investment for businesses. They just need to identify what assets they should have and the specific situation they need to be in before going to the bank and borrowing money.
Let’s listen to David and demystify debts!
[00:01 - 04:08] Opening Segment
[04:09 - 14:06] Risk and Reward of Commercial Lending
[14:07 - 23:27] The Cushion You Need in Your Business
[23:28- 34:45] The Bad Time For Debt
[34:46 - 39:08] Closing Segment
Tweetable Quotes:
“Debt can be dangerous when not deployed correctly.” - David Kennedy
At the end of the day, it’s not balance sheets that pay you back. It’s people that pay you back” - David Kennedy
Resources Mentioned:
Email DKennedy@pfbt.com to reach out to David and check out their website to know how you can leverage debts for your business.
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