Episode 161
Business Financing Made Simple: Expert Tips from Glenn Russo of Avatar Financial Consultants
There are so many financing options available, sometimes it can feel confusing to know which option would be best for your business. This week, we have Glenn Russo from Avatar Financial Consultants on the show to discuss the various funding options, as well as what to watch out for. He goes in depth on the different financial options and explains what types of business they may be best for. Tune in to understand what may be available to you and how to approach the different loan and funding options.
IN THIS EPISODE:
- [5:52] Glenn shares his background and why he became a financial consultant.
- [11:43] How can new businesses get set up correctly when they have limited funds?
- [20:50] What are different types of business loans available?
- [26:42] How can you keep pushing through with your business when you want to give up?
- [30:50] What are other funding options that can help a business to scale?
KEY TAKEAWAYS:
- If you’re in business, you’re probably going to be in many businesses over a period of time, and everyone’s going to remember you for the way you treat them. Be respectful to those you work with!
- Don’t fall for loans or funding that are businesses saying they can have cash in your account the next day. This is likely a cost of money basis and the interest rate will be incredibly high, most businesses cannot survive that type of loan.
- There are many different loan options out there for all sizes of business. Talk with a financial consultant or advisor to determine what the right loan is for your business.
LINKS MENTIONED:
Email: avatarfinanicalconsultants@gmail.com - Subject: Ask Brien
BIO
We currently are taking advantage of a special situations that exist high margin & high barrier to entry manufacturing. We and our lenders are industry agnostic.
We find niches unexplored by the crowd - finding an angle to enter a narrow path that captures some value that currently isn't recognized. Many CEOs, investors like follow trends only after firmly established - the comfort to enter a crowded trend is a sign that that trend is about to tire due to carrying so many followers.
We will work with principals, w a great product or idea, who are financially stable but who may not be financially strong. We can help accomplish the principals' goals as quickly as they themselves can act. We can improve organizational skills, and efficiency in the organization and help them realize value that otherwise would go untapped.
We provide and arrange loans and lines of credit for companies needing highly leveraged loans (80%LTC/LTV) for Commercial Real Estate acquisitions and new construction projects in North, South, & C. America, as well as, worldwide.
We have and can arrange loans for companies at 400% of their cash available, or 3x to 8x the EBITDA and for Company Acquisitions. For an owner interested in selling their company, we can help create a buyout structure that will minimize the tax impact of the sale, and defer most of the income received from the sale using multiple paths with the entire strategy reviewed and sanctioned by a top tier law firm to provide peace of mind for the Owner/Seller.
In 1993, I had the pleasure to sit with George Lane while trading. He is the inventor of one of the most popular trading technical indicators called Stochastics. George, later in his years wearing a light-blue leisure jacket, pointed to a historic chart of a long well-formed trend, and said while pointing to the beginning of that trend: "Here 10% of the winners ride to the top (as he moved his finger up the trend of data) on the backs of 90% of the losers." A note: George told me that he and his father sat in the library for many months developing Stochastics with a hand-held calculator and paper and a pencil.
The lesson is to do your homework no matter how tedious or laborious and be the first to make a move if you want to win! The Exit is typically narrow and ephemeral; if you are not the first mover, you are likely a follower left behind as a winning trade for you, the timid latecomer, turns into a loss.
