The TRUTH About Business Credit - Solomon Woods #55

27/02/2024 1h 5min

Listen "The TRUTH About Business Credit - Solomon Woods #55"

Episode Synopsis

On this episode of TMFS. Solomon Woods, a business funding expert, shares insights and strategies for accessing business funding. He discusses the importance of personal credit and the steps to improve it. Solomon also explains the role of bank tiers in the funding process and the benefits of leveraging foreign entities. He emphasizes the need to avoid overleveraging and to carefully consider the ability to debt service. Overall, Solomon provides valuable advice for entrepreneurs seeking funding for their businesses. In this conversation, Solomon Woods shares insights and strategies for accessing funding for businesses. He emphasizes the importance of having a mentor and considering buying an existing business as a safety net. Woods discusses different types of funding products, such as business credit cards and lines of credit, and highlights the flexibility and benefits they offer. He also explains the concept of funding sequences and the role they play in maximizing funding opportunities. Woods addresses common myths and misconceptions about applying for funding, including the difference between applying in person and online. He also discusses the use of shelf corporations as a tool for accessing funding. Finally, Woods encourages individuals to learn about credit, take action, and seek mentorship to navigate the funding process effectively. ENJOY!

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