Debt Financing for Small Businesses
Ventureneer’s Geri Stengel discusses financing options for small business owners such as community development financial institution and credit unions, invoice factoring and merchant advances. She highlights the avenues most beneficial to new businesses, especially women- and minority-owned companies.
Register to attend webinars live: https://www.toryburchfoundation.org/s...
Follow us on social media:
/ toryburchfoundation
/ toryburchfoundation
https://www.threads.net/@toryburchfou...
The Tory Burch Foundation increases women's economic power by supporting entrepreneurs to build businesses that last.
Subscribe to our channel to have all your business and entrepreneurship questions answered. Get involved at ToryBurchFoundation.org.
#EmbraceAmbition #ToryBurchFellows
#smallbusiness #startup #smallbusinessfinance #finance
00:00 Welcome to Debt Financing Basics
02:53 Introduction to Debt Financing
03:48 Identifying Your Financial Need
07:51 Tailored Financing for Different Business Types
12:01 Financing Based on Business Stage
15:01 Understanding Debt
17:11 The 6 Cs of Traditional Credit
21:35 Pros and Cons of Debt Financing
23:20 Finding Loans and Other Forms of Debt
25:45 Community Development Financial Institutions
31:22 Exploring Alternative Financing
36:03 Essentials Before Securing Debt Financing
42:42 Improving Your Credit Score
45:53 Interest Rates and Economic Impact on Loans
47:59 Personal vs. Business Credit Scores
50:18 Grants vs. Loans: What’s Best for Your Business?
56:52 Debt Financing with Co-Founders
57:18 Conclusion and Available Resources