Buying a Business With the Bank's Money | THC 340

There are a few ways to become an entrepreneur:

 

1. Build a business.
2. Buy an existing business. 

 

Seems simple right?

 

But what if you don't have the capital to start your own business? 

 

Maybe you've been working at your job and only have a chunk of your life savings tied up in your 401K.....

 

That's okay, at least you have something. 

 

Most people when they're looking to start or buy a business borrow money from friends, family, and neighbors. Some of the raise funds from the public, but here's what I'll share...........

 

It's easier to get the bank's money than losing friends, family, or neighbors. 

 

In this episode, I map out creative ways to finance your business, whether you're starting your own or purchasing an existing one. 

 

• I cover how to build credit for your business
• How to leverage the business' credit to acquire more credit
• Lines of Credit 
• Collateralized credit
• How to make the biggest impact leveraging simple building blocks to acquiring a business with little to none of your money down

 

There's no need to cash out your 401K.

Dip into savings. 

Mortgage your house. 

 

Everytyhing you'll learn here is going to set you up for a different tomorrow. 

 

Lean in and bring something to take notes with; I've got you covered like a blanket on this one! 

 

About the THC Podcast 

Nothing is off-limits in these weekly episodes of the Hardcore Closer Podcast with Ryan Stewman.  Politics, Finance, Religion, Tin-foil hat theories, and interdimensional space aliens. 

Ryan Stewman takes a very factual approach to simplifying the most complex things we are experiencing in real time in this timeline. 

Leave your feelings at the door and buckle up for a fresh perspective with no fluff, and just the hardcore stuff that reality is made of.

Learn how you can become a member of a powerful community consistently rewiring itself for success at https://www.jointheapex.com/

 and learn how you can finally partner with someone helping you grow, scale, and have the most successful business without the complexities of sharing equity in your company https://closercap.com/

 

Rise Above 🇺🇸