Think Outside the Bank

You’re DONE gauging this elusive economy, and you’re READY to launch or expand your business right now. But how will you fund this exciting new venture??? Great question! Business ownership in a competitive and fluctuating economy can be SUPER expensive, with only a small percentage of business owners reporting launch costs of less than $50,000. That’s right- over 27% of small business owners report a hefty price tag of between $250,000 and $500,000 to get their company going. And those business owners were verrry savvy about what TYPE of funding to use and how to VET THE LENDER, since all lenders are NOT created equal… In business, it pays to know what you don’t know. This August, we’re launching Season 4 of THINK OUTSIDE THE BANK podcast - for small business owners looking to earn, protect, and attract more money into their companies- by playing smart and VETTING THE LENDER. This season, Think Outside the Bank will turn YOU into a highly fundable, savvy company - ready to VET THE LENDER. First, we’ll help to ensure your business is set up for success through de-risking, getting clear on the amount of funding you need, cleaning up your credit score, analyzing your debt-to-income ratio, time in business, and more. Next, we’ll explore various TYPES of funding like SBA loans, leases, heavy equipment funding, used equipment funding, larger loans, business expansion funding, grants, and business plan competitions, to help narrow down what makes sense for you. And, you’ll become EMPOWERED by learning how to VET THE LENDER’s technology-efficiency rating, reputation, terms, fees, timeline, and collateral requirements to carefully select a lender that WORKS for you. Think Outside the Bank is a podcast for small business owners brought to you by lucy technologies. Empowering the Heart of America.