By Seth Block, CPA
4
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The podcast currently has 50 episodes available.
Today we celebrate our 50th podcast. We also take the time to discuss the recent format changes we have implemented.
Two months ago we went from a 30-40 minute interview with Lenders and business owners to a 10-minute discussion about a specific topic. We have also expanded our universe of guests and areas of interest.
In the future, we will examine business topics that will help owners and management get to the next level and then ultimately to their desired final business outcome. So with that in mind I am happy to tell you that next months topic will be on when you should start planning your exit.
More details to follow shortly.
Please keep emailing us your questions. If you have a question you’d like to submit, you can send it to [email protected] and we’ll do our best to have it answered in a future podcast.
About The Funding University:
The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA.
Visit The Funding University: https://www.thefundinguniversity.com
Get Access To:
1. Blog: https://www.thefundinguniversity.com/blog
2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe
3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass
4. Funding Expert Certification: https://www.thefundinguniversity.com/certification
Today we tackle an issue that is causing headaches for companies when they go to get new financing.
That is a UCC filing popping up that the business owner was not aware of. This turns out to be from secondary lenders, such as Merchant Cash Advances, or in some cases their vendors.
I will walk through the UCC process. Discuss why these UCC's are being filed and give some advice on how to fix the problem.
Please keep emailing us your questions. If you have a question you’d like to submit, you can send it to [email protected] and we’ll do our best to have it answered in a future podcast.
About The Funding University:
The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA.
Visit The Funding University: https://www.thefundinguniversity.com
Get Access To:
1. Blog: https://www.thefundinguniversity.com/blog
2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe
3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass
4. Funding Expert Certification: https://www.thefundinguniversity.com/certification
01.010.1
Today we welcome Ross Mcclain of Rapid Business Systems to the podcast. Ross explains to us what a feasibility study is, and the importance of having a credentialed firm do the study so that the bank will accept it and what is involved in it. Ross gives us some highlights of feasibility studies. He gives us some examples of details they have discovered, that have been beneficial to the company being evaluated under the feasibility study.
Things like pulling building permits that have shown a competitor was already building a business right down the street from where they were going. A discovery like that could save millions.
Ross shows why borrowers, particularly startups, want to seriously consider a feasibility study whether the bank requires it or not.
Please keep emailing us your questions. If you have a question you’d like to submit, you can send it to [email protected] and we’ll do our best to have it answered in a future podcast.
About The Funding University:
The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA.
Visit The Funding University: https://www.thefundinguniversity.com
Get Access To:
1. Blog: https://www.thefundinguniversity.com/blog
2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe
3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass
4. Funding Expert Certification: https://www.thefundinguniversity.com/certification
01.010.1
In this month’s Funding University Podcast, Seth sits down with Tom Zorich of Sawtooth Capital.
Tom will tell us how he helped a company called Knowledge as a Service get started including setting up their financial systems that ultimately allowed them to raise several million dollars from Family members as well as other high net worth individuals.
Next Tom and I will discuss his time at Guardian Bikes. Starting with how the company was visualized and became a reality. Ultimately it became the number one bike seller on Amazon. We will dive into how the company raised capital, including an appearance on Shark Tank that yielded an investment from Mark Cuban.
We will wrap up the conversation by discussing the value of a fractional CFO.
Take care and we’ll be back next month.
Please keep emailing us your questions. If you have a question you’d like to submit, you can send it to [email protected] and we’ll do our best to have it answered in a future podcast.
About The Funding University:
The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA.
Visit The Funding University: https://www.thefundinguniversity.com
Get Access To:
1. Blog: https://www.thefundinguniversity.com/blog
2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe
3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass
4. Funding Expert Certification: https://www.thefundinguniversity.com/certification
In this month’s Funding University Podcast, Seth sits down with Gary Teramae of McCoy Federal Credit Union. We discuss the reasons why it matters that Credit Unions are not for profit entities.
Gary later explains the different types of loans that are available at credit unions including SBA programs.
Please keep emailing us your questions. If you have a question you’d like to submit, you can send it to [email protected] and we’ll do our best to have it answered in a future podcast.
Take care and we’ll be back next month.
About The Funding University:
The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA.
Visit The Funding University: https://www.thefundinguniversity.com
Get Access To:
1. Blog: https://www.thefundinguniversity.com/blog
2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe
3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass
4. Funding Expert Certification: https://www.thefundinguniversity.com/certification
In this month’s Funding University Podcast, Seth gives two great examples of companies that were smart enough to analyze the cost of capital versus the rewards of an opportunity. In both instances, the correct decision was made. In doing so they did not leave money on the table.
I hope these examples help you make the right decision the next time you come upon a great opportunity.
Please keep emailing us your questions. If you have a question you’d like to submit, you can send it to [email protected] and we’ll do our best to have it answered in a future podcast.
Take care and we’ll be back next month.
Both banking and non-banking lenders have their pros and cons, but the key is finding the right kind of lender to best meet your needs. In my conversation with Amy, we touched on some big differences between the different types of lenders and discussed important points for you to consider as you begin to seek out a lender.
As you’ll hear, Amy is really well-informed and has a wealth of knowledge about SBA lending. She shares some valuable tips that can help you avoid making costly mistakes.
Please keep emailing us your questions. If you have a question you’d like to submit, you can send it to [email protected] and we’ll do our best to have it answered in a future podcast.
Take care and we’ll be back next month.
Have you noticed that we’re just now at the beginning of
The reason we’re seeing the increase in M&A activity is because in 2023 money stayed on the sidelines as financial executives waited to see how the Fed would act on interest rates.
Most economists have been split between an impending recession or the US economy experiencing a soft landing, but the demands of the market are pushing companies to consolidate to maintain growth and competitive advantage.
Companies have waited as long as they can, but in reality, it’s the demands of the customers that are driving this activity because the consumer is always looking for better options.
That’s why I have asked Craig Stacy to join us. Craig is,
Craig has agreed to preview the next Fundings Strategies Webinar airing this Thursday, March 7th entitled 2024 the year of M&A.
To register for the webinar go to:
https://events.r20.constantcontact.com/register/eventReg?oeidk=a07ek80uku133d4b9b0&oseq=&c=&ch=
Enter the code MERGER24 to watch it for free.
In this month’s podcast, we’re going to focus on something different. I’d like to talk about Truth & Accountability with Lenders. It’s incredibly important you communicate with your lender about your finances not only in times when finances are tight but in times when things are going well. Your lender wants you to be successful because they have a vested interest in your repayment, but even beyond that, your lender may have the ability to help you get things back on track during a rough patch. When things are going well, that’s the perfect time to talk to your lender about expansion, M&A, or even putting plans in place to prepare for the possibility of a downturn.
Your lender should be your champion and a resource to help your business be successful, but it all comes down to communication. Like in any relationship, you’ve got be open about what’s working, what’s not working, and what you can do to improve that line of communication. As you know, business success is all about communication.
I hope you enjoy this month’s podcast and thank you for the steady stream of questions and suggestions.
2024 stands to be unlike any year we’ve had in modern times and with interest rate volatility, uncertainty in the financial markets, and heading into an election year, business owners are overwhelmed. How can anyone make an informed
I am excited to let you know that the Funding University is sponsoring the Funding Strategies Conference, a webinar taking place on January 18th at 2 pm, and the subject is everything you need to know about funding in 2024.
The webinar hosts are some of the most respected legal, business, and lending leaders in the US and their insights will help you plan a sound strategy in 2024.
I hope you’ll join us on January 18th.
You can still register at www.fundingstrategies.net.
About The Funding University:
The mission of The Funding University is to Enable Funding around the world. Hosted by Seth Block, CPA.
Visit The Funding University: https://www.thefundinguniversity.com
Get Access To:
1. Blog: https://www.thefundinguniversity.com/blog
2. CPE Courses & Modules: https://www.thefundinguniversity.com/cpe
3. TFU Masterclass: https://www.thefundinguniversity.com/masterclass
4. Funding Expert Certification: https://www.thefundinguniversity.com/certification
The podcast currently has 50 episodes available.