Dawn talks with Erle Adams. Erle's entrepreneurial journey is marked by his fearless approach to business. He has always invested in himself, using personal credit to secure funding for his ventures. This bold strategy led to the remarkable growth of his last company, which achieved nearly $10 million in annual revenue within just three years. Dawn and Erle talk about business credit and funding
In this episode…
Who is Erle Adams and whom does she serve? (00:57).
Why is it confusing for new business owners to obtain corporate credit without a personal guarantee? (1:32)
There are credit reporting agencies for businesses(3:38)
How can small business owners build corporate credit to avoid personal liability, and when will lenders treat the business separately for credit decisions?(4:17)
How much faster can business credit be built compared to the 5-7 years typically needed for personal credit?(8:02)
83% did not have access to capital or credit. Can we explore why that is?(9:51)
What key financial metrics and documentation do small business owners need to track and present to pursue corporate credit?(15:55)
Why do you think 83% of businesses that closed last year lacked access to credit or capital? Was it due to poor business practices making them ineligible, or is there widespread misinformation or lack of information on this topic?(22:40)
Erle Adams’s Information.
Website: https://www.jgalt.io/
Linkedin: https://www.linkedin.com/company/j-galt-finance-suite/
YT: https://www.youtube.com/channel/UCvdRPiu7UrnGvLJoSHbtDRw
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