Episode 103: On this episode of Pursuit of Profit, Cliff talks with Anthony Byrd, vice president of banking business development of Benetrends. If funding is holding you back from becoming a franchisee, then this is the podcast that will reveal a variety of funding options to secure funding for your entrepreneurial dream. Listen up...

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Timestamps:

00:00 - Intro

02:05 - Anthony's background

06:47 - SBA Loans

10:55 - Do I need a job?

13:00 - Do I need direct experience in the industry to get a loan?

14:55 - How much do I need for the down payment?

15:44 - FICO score

17:08 - Interest rates on SBA loans

18:30 - Term on SBA loan

25:55 - How is the SBA loan funded?

32:24 - What is ROBS?

43:20 - HELOCs

44:54 - Unsecured funds

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Links:

Benetrends

Innovative Financing booklet - email [email protected]

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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff pulls no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.