My guest today is Mr. Michael England, president of River Capital Group, in Stafford, Virginia.
What we’re talking about in this episode is credit. Specifically business credit; why it’s so important and what you can do to build up your company’s ability to borrow.
The third of the Six M’s in my book Unlocking The M Cube is Money.
Access to capital is a critical success factor when starting, growing and running your business.
I am not a proponent of borrowing too much, having found myself overleveraged in the past.
But I do know that the right mix of vendor credit, equipment financing and lines of credit are very important if you want to avoid cash flow problems. That’s why I invited Mr. England to share some knowledge on Radio Free Enterprise.
Continue reading How To Build Business Credit
How Do SBA Loans Work?
- What exactly is an SBA loan and why would I want one?
- How do you find the right SBA lender?
- How do you apply for an SBA loan?
- Is the approval process more complicated and time-consuming?
All of these questions and much more are addressed by Brian Seliber and Carl Hairston of M&T Bank in this episode of Radio Free Enterprise.
Debt Capital (loans) are an important option for the owners of main street lifestyle businesses. And the Small Business Administration has made it easier for lenders to say “Yes” to more small business borrowers by agreeing to guarantee the repayment of some portion of the loan should it go into default.
But the entire program and the application process seem to be shrouded in mystery and many potential borrowers avoid this avenue because they just don’t understand it.
In this interview I ask all the questions I could think of to draw out the answers you’re looking for about SBA Loans.
If you have a question that wasn’t answered, contact Brian Seliber of M&T Bank using the phone number below.
CONTACT BRIAN SELIBER of M&T BANK