Are you struggling to secure funding that will help your business thrive at each stage of your growth? Many entrepreneurs face the challenge of obtaining financial capital, especially when starting up their business. But even established entrepreneurs can benefit from proper financial funding sources to assist in strategic growth.
Amanda Webster, an expert in business funding sources, joins me on Amplify Your Success Podcast episode 389, to share valuable insights and practical tips on how to leverage business credit and loans effectively. The episode dives into the benefits and responsible use of business credit cards, considerations for carrying debt, and the factors involved in obtaining traditional business financing. If you're looking to understand the difference between business credit and business loans and how to leverage them to grow your business, this episode is a must-listen.
In this sponsored episode, Amanda explains when to secure a loan versus using business credit, as well as key factors involved in obtaining traditional business financing. As you listen in you’ll also discover a few benefits savvy credit users benefit from that can provide much needed incentives!
06:13 How to balance personal versus business credit.
09:28 Why you should avoid credit card debt for personal success.
10:13 Amanda explores a few of the reward benefits you can get from business credit cards
15:40 How to assess costs and build your credit for capital.
19:33 Factoring in the credit card rates vs loans in decision making.
21:55 Amanda discusses a few of her favorite credit card rewards options.
24:21 Different credit card protection levels to consider.
26:57 Tips on using credit cards wisely and how to create a plan to repay.
30:59 The challenges with loan underwriters in today’s financial market.
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