On this holiday special, Glenn caught up with small business loan specialist Buck Harris to learn about loans for small horse businesses.  When should you, how should you and the pitfalls to look for.  Buck has spent a lifetime helping small businesses find the right loan.  A very informative 30 minutes for anyone in a small business.  Listen in...

HORSES IN THE MORNING Episode 3765 – Show Notes and Links:

• Hosts: Jamie Jennings of Flyover Farm and Glenn the Geek
• Title Sponsor: WERM Flooring
• Guest: Buck Harris, Small Business Loan Specialist
• Additional support for this podcast provided by: Equestrian +, Spalding Fly Predators, Equine Network and Listeners Like You

Chapters:

00:58 - Understanding Small Business Loans

14:00 - Understanding Business Financing: Good Debt vs Bad Debt

21:44 - Understanding Loans and Financial Management for Small Businesses

29:21 - Navigating Small Business Loans and Financial Strategies

Takeaways:

• The podcast emphasizes the importance of understanding loans for small businesses, focusing on when and how to seek financing.
• It highlights that credit scores are significant, yet they are not the sole determinant of loan eligibility for small business owners.
• The discussion reveals that having outside income can significantly improve a small business owner's chances of securing a loan.
• Listeners are advised to prepare their financial documentation meticulously to ensure a smoother loan application process.
• The podcast underscores the critical distinction between good debt and bad debt in the context of business financing.
• It is noted that small business owners should begin the loan process proactively rather than waiting for the last minute before critical financial needs arise.