The Profit Accelerator Podcast

"Navigating Business Credit and Funding” with Erle Adams

May 15, 2024 Dawn Kennedy Season 1 Episode 136
"Navigating Business Credit and Funding” with Erle Adams
The Profit Accelerator Podcast
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The Profit Accelerator Podcast
"Navigating Business Credit and Funding” with Erle Adams
May 15, 2024 Season 1 Episode 136
Dawn Kennedy

Dawn talks with Erle Adams. Erle's entrepreneurial journey is marked by his fearless approach to business. He has always invested in himself, using personal credit to secure funding for his ventures. This bold strategy led to the remarkable growth of his last company, which achieved nearly $10 million in annual revenue within just three years. Dawn and Erle talk about business credit and funding

In this episode…

Who is Erle Adams and whom does she serve? (00:57).
Why is it confusing for new business owners to obtain corporate credit without a personal guarantee? (1:32)
There are credit reporting agencies for businesses(3:38)

How can small business owners build corporate credit to avoid personal liability, and when will lenders treat the business separately for credit decisions?(4:17)

How much faster can business credit be built compared to the 5-7 years typically needed for personal credit?(8:02)

83% did not have access to capital or credit. Can we explore why that is?(9:51)

What key financial metrics and documentation do small business owners need to track and present to pursue corporate credit?(15:55)

Why do you think 83% of businesses that closed last year lacked access to credit or capital? Was it due to poor business practices making them ineligible, or is there widespread misinformation or lack of information on this topic?(22:40)



Erle Adams’s Information.

Website: https://www.jgalt.io/

Linkedin: https://www.linkedin.com/company/j-galt-finance-suite/

YT: https://www.youtube.com/channel/UCvdRPiu7UrnGvLJoSHbtDRw



Dawn’s Website: https://dawnkkennedy.com/

Links and Freebies- https://dawnkkennedy.com/free/

In-Depth Information, Tips, and Strategies- https://dawnkkennedy.com/blog/

Thanks for listening. If you liked what you heard and want more, please like us on Facebook https://www.facebook.com/dawnkkennedymentor

Subscribe to our Youtube Channel: https://youtube.com/@dawnkkennedyxo?si=DcRcjv7H0KN5_vFP

Follow us on Instagram https://www.instagram.com/dawnkkennedyxo

Order Dawn’s book, The Profit Accelerator for Small Business The Profit Accelerator for Small Business: Kennedy, Dawn: 9781736208601: Amazon.com: Books

Show Notes

Dawn talks with Erle Adams. Erle's entrepreneurial journey is marked by his fearless approach to business. He has always invested in himself, using personal credit to secure funding for his ventures. This bold strategy led to the remarkable growth of his last company, which achieved nearly $10 million in annual revenue within just three years. Dawn and Erle talk about business credit and funding

In this episode…

Who is Erle Adams and whom does she serve? (00:57).
Why is it confusing for new business owners to obtain corporate credit without a personal guarantee? (1:32)
There are credit reporting agencies for businesses(3:38)

How can small business owners build corporate credit to avoid personal liability, and when will lenders treat the business separately for credit decisions?(4:17)

How much faster can business credit be built compared to the 5-7 years typically needed for personal credit?(8:02)

83% did not have access to capital or credit. Can we explore why that is?(9:51)

What key financial metrics and documentation do small business owners need to track and present to pursue corporate credit?(15:55)

Why do you think 83% of businesses that closed last year lacked access to credit or capital? Was it due to poor business practices making them ineligible, or is there widespread misinformation or lack of information on this topic?(22:40)



Erle Adams’s Information.

Website: https://www.jgalt.io/

Linkedin: https://www.linkedin.com/company/j-galt-finance-suite/

YT: https://www.youtube.com/channel/UCvdRPiu7UrnGvLJoSHbtDRw



Dawn’s Website: https://dawnkkennedy.com/

Links and Freebies- https://dawnkkennedy.com/free/

In-Depth Information, Tips, and Strategies- https://dawnkkennedy.com/blog/

Thanks for listening. If you liked what you heard and want more, please like us on Facebook https://www.facebook.com/dawnkkennedymentor

Subscribe to our Youtube Channel: https://youtube.com/@dawnkkennedyxo?si=DcRcjv7H0KN5_vFP

Follow us on Instagram https://www.instagram.com/dawnkkennedyxo

Order Dawn’s book, The Profit Accelerator for Small Business The Profit Accelerator for Small Business: Kennedy, Dawn: 9781736208601: Amazon.com: Books