“Would I prefer cash through debt, or cash through equity?I would always choose cash through debt - what happens in partnerships is one person always works harder, and there is always some level of resentment towards the other ones, (and) you could always find a coach, you could always find a consultant or a mentor. And typically, you're going to have a lot fewer challenges.”

There's good debt and bad debt. Essentially, debt is good when it is funding the purchase, today, of an asset that will create value in the future. This is why, in the consumer lending world, mortgage debt is typically good and credit card debt is, well, less commonly so. There are so ways in which we, as consumers, can be tempted into using debt to purchase consumables. But in the business lending world, that ratio skews more towards the good debt side of the equation, because there are so many more value-generating assets to consider - does the business need a new building, or a new machine, or to hire a team to break into a new region.

Unfortunately, the business lending world can also be overwhelmingly confusing for small business owners. Jonathan Fodera, president at Integrated Business Financing, is here today to help me get my head around the options. Jonathan helps businesses of all sizes grow and scale by finding the best financing solution possible, from SBA loans to equipment financing to working capital lines to invoice factoring to startup loans and more.

You can find Jonathan over on LinkedIn https://www.linkedin.com/in/jonathan-fodera-391a98a1/ (or using jonathan.fodera on the other platforms)

Integrated Business Financing is there, too, but there home page is over here: https://www.integratedbusinessfinancing.com/ for a more direct route to the info you’re after

They also have a YouTube channel if videos are more your thing https://www.youtube.com/channel/UCv9gp1n6t2lmyVicsTXZYeQ

For my stuff, visit me on my LinkedIn page (feel free to connect), while my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24

If you have any feedback or questions, if you would like to participate in the show, or if you'd like to find full written transcripts with timestamps head on over to HowtoLendMoneytoStrangers.Show

Oh, and since you like banking podcasts, head on over to https://blog.feedspot.com/banking_podcasts/ to find related content that you may find interesting.

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