Money & Lending Episodes

The How of Business Podcast – Money & Lending Episodes

These episodes of The How of Business podcast are on the topic of Money and Lending to fund the start and growth of your small business.

Where will you get the money to start or expand your small business? Should you borrow money or bring in private investors? Should you get a conventional or SBA loan?

One of the most critical components of starting a successful small business, and surviving over time, is the supply of adequate funding. From the money you will need to build your business initially, to the working capital required to you get through a cash flow shortage – the success of your small business depends on your ability to invest enough capital to allow you the opportunity to succeed. Refer to the FAQ at the bottom of this page for information of small business loans.

The How of Business
 Funding Your Small Business Startup. How to fund your small business startup with Henry Lopez, serial entrepreneur and host of this podcast. This episode is about helping you determine how you will fund your small business startup. It costs money to start a business, so where will that ...
The How of Business

Pricing Fundamentals for Small Business. The fundamentals of pricing your products or services to operate a profitable small business, with your host Henry Lopez. How do you price your product or service to find that balance between what your target market will pay and what you need to ...
Episode 456: Ray Drew - SBA Loans
SBA Small Business Loans with Ray Drew. SBA Small Business Loans with Ray Drew, Managing Business Development Officer at Fund-Ex, one of the top SBA lenders in the country. Ray shares his knowledge of SBA lending, specifically the SBA 7a loan program, for small business owners and entrepreneurs. Ray ...
Episode 377: Hall Martin - Start-Up Funding
 Start-Up Funding for Small Business with Hall Martin. How to seek and secure start-up funding for small business owners with Hall Martin, an entrepreneur and angel investor. Getting the money to fund our small business start-up is often where we hit a wall. We may not qualify for ...
Tiffany Wright
 Funding Your Small Business. Funding Your Small Business with Tiffany C. Wright, a serial entrepreneur, business adviser, and author. She shares her story of transitioning from a successful corporate career to becoming her own boss. She shares her experience and insights on funding a small business. Tiffany is ...
Episode 240: Gerri Detweiler - Personal & Small Business Credit
 Personal & Small Business Credit. Personal and Small Business Credit with Gerri Detweiler. Gerri is an author and expert on the topic of credit, and currently serves as the Education Director for Nav. She shares tips & advice on how to build or correct your personal and business ...
Episode 235: Mandy Kuxhausen - SBA Loans
 SBA Loans for Small Business. SBA loans for small business start-up and expansion, with Mandy Kuxhausen. Mandy is an expert on Small Business Administration (SBA) lending and a Business Development Officer at TBank. We chat about everything related to SBA loans – from the different SBA lending programs ...
Nathan Rose
 Equity Crowdfunding to fund your Small Business. How to use Equity Crowdfunding to fund your start-up and grow your small business with Nathan Rose. Nathan also shares his entrepreneur journey. Nathan Rose is the author of the book “Equity Crowdfunding: The Complete Guide For Startups and Growing Companies“ ...
Chris Miles
 Cash Flow Management for your Small Business with Chris Miles. Managing your Cash Flow Management in your Small Business with expert Chris Miles. He shares his entrepreneur story and tips to help manage your cash. Chris is known as the “Cash Flow Expert.” He is a leading authority ...
Ty Crandall
 Build Business Credit for your Small Business with Ty Crandall. Hot to build Business Credit for your Small Business with Ty Crandall. He shares his entrepreneur story and how to build credit in your business name only. Ty Crandall, an entrepreneur, speaker, author, podcaster, and business credit expert. He ...
Episode 266: Ben Johnson - Franchise Lending
 Bank Lending for Small Business Franchises. Bank Lending for Small Business Franchises with Ben Johnson. He explains the potential advantages of securing financing for a first-time franchise business and why a franchise may provide an advantage from the bank’s perspective. Ben shares the types of loan programs, including ...
Matt Burk
 Raising Capital with SBRE Entrepreneur Matt Burk. Raising Capital with SBRE Entrepreneur Matt Burk, author of “Capital Attraction – The Small Balance Real Estate Entrepreneur’s Essential Guide to Raising Capital.” Matt shares his entrepreneurial journey, tips & advice on raising capital for your small business, and other valuable ...
Episode 379: Rocky Lalvani - Profit First
Profit First System with Rocky Lalvani. The Profit First system for small business success and profitability with entrepreneur Rocky Lalvani. Many small business owners don’t really know if they are profitable. At best, you run your business, and measure its ongoing success by seeing how much cash you have ...
Episode 323: Chris Doyle - Construction Bridge Loans
 Construction Bridge Loans with Chris Doyle. How contractors can use (starting at 16:11) Construction Bridge Loans to manage the cash flow issue related to materials expense with entrepreneur Chris Doyle. Chris Doyle is an entrepreneur and the President and CEO of Billd – specializing in helping contractors buy ...

Frequently Asked Questions about Loans to Start or Grow a Small Business:

1. What are the different types of loans available for starting or growing a small business?

There are various types of loans you can consider for your small business, including:
– Small Business Administration (SBA) loans
– Traditional bank loans
– Microloans
– Equipment loans
– Business lines of credit
– Invoice financing
– Crowdfunding
– Peer-to-peer lending

2. What is an SBA loan, and how does it work?

SBA loans are loans provided by the Small Business Administration, a U.S. government agency. These loans are designed to assist small businesses by offering favorable terms and conditions. The SBA guarantees a portion of the loan, reducing the risk for lenders and making it easier for small businesses to secure financing. Related episode: 456 – SBA Loans with Ray Drew

3. How can I qualify for an SBA loan?

Qualification requirements for SBA loans can vary depending on the loan program. Generally, you’ll need to meet the following criteria:
– Have a for-profit business operating in the United States
– Meet the SBA’s size standards for small businesses
– Demonstrate a need for financial assistance
– Show that you have invested personal equity into the business
– Have a good credit score
– Provide a detailed business plan and financial projections
– Be able to repay the loan

4. What are the advantages of getting an SBA loan?

SBA loans may offer several advantages, including:
– Lower down payments and collateral requirements
– Longer repayment terms
– Competitive interest rates
– Access to counseling and assistance from the SBA
– Ability to finance a wide range of business needs

5. How long does it take to get an SBA loan?

The time to get an SBA loan can vary depending on factors such as the lender’s processing time, the complexity of your application, and the loan program you’re applying for. Generally, it can take several weeks to a few months to complete the entire process.

6. Can I use an SBA loan to refinance existing debt?

Yes, the SBA offers loan programs specifically for refinancing existing debt. This can help small businesses improve cash flow by obtaining better loan terms or consolidating multiple debts into a single loan.

7. What can I use a loan for in my small business?

You can typically use a loan to start a new business, expand an existing one, purchase inventory or equipment, refinance debt, hire employees, fund marketing campaigns, or cover operational expenses. However, the specific purposes may vary depending on the loan program and lender.

8. What documents do I need to apply for a small business loan?

While the exact documentation requirements can vary among lenders, you will generally need the following:
Business plan and financial projections
– Personal and business tax returns
– Financial statements (balance sheet, income statement or P&L)
– Bank statements
– Business licenses and permits
– Legal documents (articles of incorporation, contracts, leases)

9. Are there any alternatives to traditional loans for small businesses?

Yes, there are alternative financing options available for small businesses, such as crowdfunding, angel investors, venture capital, and grants. Each option has its own requirements and considerations, so it’s essential to research and choose the one that aligns with your business goals.

10. What should I consider before taking on a loan for my small business?

Before taking on a loan, it’s important to consider the following:
– Your ability to repay the loan
– The impact of loan payments on your cash flow
– Interest rates, fees, and repayment terms
– Your creditworthiness and eligibility
– The purpose and potential return on investment for the loan
– Alternative financing options and their suitability for your business

Remember, it’s always advisable to consult with financial professionals or small business coach or advisor to determine the best financing options for your specific business needs.

The How of Business podcast, hosted by Henry Lopez, is focused on helping you start, run and grow your small business.