The Funding University | Where Business Learns About Funding Seth Block, CPA

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 ⁠info@thefundinguniversity.com⁠ and we’ll do our best to have it answered in a future podcast. 

Take care and we’ll be back next month.

In this month’s Funding University Podcast, we’re focusing on non-bank SBA lenders and speaking with Amy Perrella of Harvest Small Business Finance.  As Amy and I discuss, there are advantages of working with a non-bank lender because their lending guidelines tend to differ from the traditional banking lender, even though both are regulated.  Non-bank lenders don’t deal with deposits and credit cards which helps them differ from the traditional bank model and as a result, they have different lending requirements.  This means that where a bank might say no to your SBA loan, a non-bank lender might be able to say yes because they evaluate your situation using a different criteria. 


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.


My thanks to Amy Perrella for sharing her time and insights with us this month.

Please keep emailing us your questions.  If you have a question you’d like to submit, you can send it to info@thefundinguniversity.com 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
March and we are already seeing a flurry of mergers being announced across the country?  The pattern is evident on a
national, regional, and local level. 

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,
the Managing Director of Sunbelt Business Advisors, who specializes in the sale and acquisition of companies.  Craig is
one of the most knowledgeable M&A experts in North America and his take on the recent spate of consolidation announcements is fascinating.  There is always more to the deal than meets
the eye and Craig brings a very insightful perspective as to why companies merge and more importantly, how to make sure you’ve got the right partner to merge with.

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.

 
If you have a question you’d like answered in our podcast, please email us at info@thefundinguniversity.com. The Funding University team and I look forward to hearing from you.

 

 

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
decision for their business when everything is changing so much?

 

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.
Use the promo code TRENDS24 until January 15th to have the $29.99 registration fee waived.

 

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



 

 

Joining Seth in The Funding University Podcast this month is Suzanne Meehle from the Meehle Law firm. Suzanne focuses on the needs of business owners. Her services include business formation, contracts, trademarks, copyrights, trade secret protection, business litigation, and IP litigation.

In the podcast, Suzanne and Seth discuss different types of business lending and what borrowers should be focused on from a legal perspective. The conversation drills down on the SBA process from document review to refinancing.



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