Keith McAslan leverages his experience in building and selling businesses and offers his to Industrial business owners on this weeks Industrial Talk Podcast. In this podcast, Keith lays out the tangible steps for improving and maintaining your credit rating. This is the first step, in a 4 part series, to gaining access to capital for expansion and growing your industrial business.
Issue – Industrial business owners must rely on their own credit rating and personal guarantees to access capital from lenders
Problem – Many times the small business owner who has an immediate need for capital due to their circumstances does not have access to traditional money sources. The business owner either has negative credit or their Credit Utilization Ration (CUR) is too high.
What is CUR? – CUR consists of all revolving credit reported on an individual’s credit file. As an example if a credit card has $1000 limit and you have used $400, the CUR is 40% Many time lenders want to see CUR of 20% or less and unsecured lenders will require each individual credit card CUR is below 40%
Three Step Process to Capital we call the Midas Financial Continuum:
Business owners seeking immediate capital to grow their respective businesses and either have no credit issues or have issues we have discussed today need to contact me immediately at firstname.lastname@example.org or call me at 303-520-2493.
Industrial Marketing: https://industrialtalk.com/industrial-marketing/
Industrial Academy: https://industrialtalk.com/industrial-academy/
Industrial Dojo: https://industrialtalk.com/industrial_dojo/
Bliss Drive: https://www.blissdrive.com/
Active Campaign: Active Campaign Link
BombBomb: BombBomb Link
Social Jukebox: https://www.socialjukebox.com/
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