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Ep. #66 - Navigating the World of Alternative Funding W/ Sara Weldon - TruFinCo
Manage episode 382678855 series 3410786
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In this episode, Sara Weldon & host Stoy Hall explore the challenges of striking a balance between helping others and taking care of oneself. They admit to having a natural inclination to assist people, but acknowledge that this tendency can sometimes lead to difficulties in finding equilibrium. They describe themselves as someone who leaves no stone unturned and always finds a solution, which can result in feeling pulled in multiple directions and experiencing burnout. However, they also find fulfillment in receiving positive feedback from clients they have helped and witnessing the impact they have made. This suggests that while finding balance can be challenging, the rewards of helping others can outweigh the difficulties.
The host of the episode emphasizes the significance of personal credit for business owners. They emphasize that personal credit serves as the foundation for obtaining financing and loans for a business. While alternative lending options may not require traditional financial documents, they still necessitate a strong personal credit score.
The host points out that having a low credit score can lead to high interest rates and hinder the ability to secure funding. They highlight the benefits of investing effort into improving personal credit, such as smoother access to financing and increased opportunities. The host also acknowledges that personal credit may not be everyone's favorite topic, but it is a crucial aspect of running a successful business.
Overall, the episode underscores the often overlooked role of personal credit for business owners in securing funding and navigating financial challenges
Welcome to the No BS Wealth Podcast with Stoy Hall, your candid guide to financial clarity. In our third year, we're spicing things up by enhancing community ties and bringing you straight, no-fluff financial insights. Connect with us on NoBSWealthPodcast.com, and follow Stoy on social media for the latest episodes and expert discussions. Tune in, join the conversation, and transform your financial journey with us—no BS!
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Chapters
1. Ep. #66 - Navigating the World of Alternative Funding W/ Sara Weldon - TruFinCo (00:00:00)
2. Working for a software company. (00:02:23)
3. Caring about people more than money. (00:05:23)
4. Alternative funding options for startups. (00:08:39)
5. Traditional lending challenges. (00:12:35)
6. Alternative real estate lending. (00:18:48)
7. Private lending for real estate. (00:20:47)
8. Down payments and flexibility. (00:26:34)
9. Personal credit for business owners. (00:29:36)
10. Being responsible with credit. (00:32:21)
95 episodes
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