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Credit Unions vs. Banks: Which is Better for Your Real Estate Investment? with Mark Ritter

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Manage episode 427831758 series 3486025
Content provided by Truly Passive LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Truly Passive LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Tune in this episode with Mark Ritter as he shares his deep knowledge and practical tips on leveraging credit unions to secure favorable loan terms and build lasting financial relationships. Tune in to this episode to gain a deeper understanding of how credit unions can be a powerful ally in your small business and real estate investment journey.


Key takeaways to listen for

  • [02:42] Credit Unions vs. Traditional Banks
  • [05:08] Why you need to have a strong relationship with your lender
  • [10:40] Types of loan products available through credit unions and how they compare to traditional bank offerings
  • [14:01] The impact of recent economic shifts on lending practices
  • [17:27] How the SBA loan process became a viable option for working capital and business expansion

About Mark Ritter

Mark is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.


Connect with Mark


Follow Us On Social Media

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Download Our FREE Passive Investor Toolkit

Everything you need to get started in passive investing - Download Here

  continue reading

61 episodes

Artwork
iconShare
 
Manage episode 427831758 series 3486025
Content provided by Truly Passive LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Truly Passive LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Tune in this episode with Mark Ritter as he shares his deep knowledge and practical tips on leveraging credit unions to secure favorable loan terms and build lasting financial relationships. Tune in to this episode to gain a deeper understanding of how credit unions can be a powerful ally in your small business and real estate investment journey.


Key takeaways to listen for

  • [02:42] Credit Unions vs. Traditional Banks
  • [05:08] Why you need to have a strong relationship with your lender
  • [10:40] Types of loan products available through credit unions and how they compare to traditional bank offerings
  • [14:01] The impact of recent economic shifts on lending practices
  • [17:27] How the SBA loan process became a viable option for working capital and business expansion

About Mark Ritter

Mark is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.


Connect with Mark


Follow Us On Social Media

YouTube: Truly Passive Income

TikTok: @trulypassiveincome

Instagram: @truly_passive_income

Facebook: Truly Passive

Twitter: @trulypassive

Download Our FREE Passive Investor Toolkit

Everything you need to get started in passive investing - Download Here

  continue reading

61 episodes

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