Courtesy of MultiFunding.
Ami Kassar speaking to an Entrepreneurs' Organization event in Florida.
On a recent episode of Mind Your Business, I spoke with Ami Kassar, founder of MultiFunding about what it takes for a business owner to get a bank loan. Few people know how to deal with banks as well as Kassar, a loan broker who recently published "The Growth Dilemma: Determining Your Entrepreneurial Type to Find Your Financing Comfort Zone." In our conversation, Kassar discussed how he helps owners assess their financing needs, often by starting with this question: "If you could borrow a million dollars at 6% interest, what would you do with it?" We also discussed a fascinating example of an owner who passed up a traditional Small Business Administration loan with a favorable interest rate for an alternative lender offering a much higher rate because he didn't want to use him own home as collateral.
On Mind Your Business, the small-business call-in show that airs live on Thursdays at 1 ET on Sirius XM 111, we encourage callers to tell us what they are struggling with. We don’t tell anyone how to run their business; instead, we kick around ideas and strategies and consider options. On this particular show, we got calls from several owners who have had ups and downs dealing with banks. We talked about how to determine if you're at the right bank for you, how to figure out if you will quality for a bank loan, when it makes sense to turn to an alternative lender -- and whether you really want to risk your home to build your business. You can listen to the show here.
This coming week on Mind Your Business, my guest will be Ed Eppley, who is a consultant for the Table Group, a Patrick Lencioni Company, and who operates his own firm, The Eppley Group. He’s also just published a book, Let’s Be Clear, that is full of case study examples any business owner can learn from. If you've got a question about recruiting or managing the culture of your business, give us a call at 1-844-942-7866 when the show airs Thursday at 1 ET on Wharton business radio on Sirius XM 111.
">Courtesy of MultiFunding.
Ami Kassar speaking to an Entrepreneurs' Organization event in Florida.
On a recent episode of Mind Your Business, I spoke with Ami Kassar, founder of MultiFunding about what it takes for a business owner to get a bank loan. Few people know how to deal with banks as well as Kassar, a loan broker who recently published "The Growth Dilemma: Determining Your Entrepreneurial Type to Find Your Financing Comfort Zone." In our conversation, Kassar discussed how he helps owners assess their financing needs, often by starting with this question: "If you could borrow a million dollars at 6% interest, what would you do with it?" We also discussed a fascinating example of an owner who passed up a traditional Small Business Administration loan with a favorable interest rate for an alternative lender offering a much higher rate because he didn't want to use him own home as collateral.
On Mind Your Business, the small-business call-in show that airs live on Thursdays at 1 ET on Sirius XM 111, we encourage callers to tell us what they are struggling with. We don’t tell anyone how to run their business; instead, we kick around ideas and strategies and consider options. On this particular show, we got calls from several owners who have had ups and downs dealing with banks. We talked about how to determine if you're at the right bank for you, how to figure out if you will quality for a bank loan, when it makes sense to turn to an alternative lender -- and whether you really want to risk your home to build your business. You can listen to the show here.
This coming week on Mind Your Business, my guest will be Ed Eppley, who is a consultant for the Table Group, a Patrick Lencioni Company, and who operates his own firm, The Eppley Group. He’s also just published a book, Let’s Be Clear, that is full of case study examples any business owner can learn from. If you've got a question about recruiting or managing the culture of your business, give us a call at 1-844-942-7866 when the show airs Thursday at 1 ET on Wharton business radio on Sirius XM 111.
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