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Credit Unions vs. Banks: Which is Better for Your Real Estate Investment? with Mark Ritter
Episode 578th July 2024 • Truly Passive Income • Truly Passive LLC
00:00:00 00:24:58

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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.

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