Financing Your New Business Idea
In this episode of the GPS to Your Business Success podcast, we continue our four-part series on launching, financing, growing, and ultimately selling your business. This episode focuses on the critical topic of financing your startup. We explore a variety of funding options, including traditional bank loans, seller financing, using retirement savings, and securing private investors. We also take a closer look at key programs from the U.S. Small Business Administration (SBA), such as the 7(a) Loan Program, the 504 Loan Program, and Microloans. Whether you're just getting started or looking for new ways to fund your business, this episode is packed with practical advice and actionable insights. Our sponsors for today’s episode are Steer CRM and Auto Shop Answers. Tune in to learn how to secure the financing you need to turn your entrepreneurial dreams into a thriving reality.
Episode Breakdown:
- 02:08 – Identifying the Right Opportunity
- 03:57 – Demystifying Seller Financing
- 09:50 – Leveraging Savings and Retirement Funds
- 19:06 – Securing Private Investors
- 25:23 – Navigating Bank Loans and SBA Programs
- 39:17 – Key Takeaways and Next Steps
Special Thanks to Our Sponsors: Steer CRM and Auto Shop Answers
Steer CRM helps auto repair shops attract new customers and keep existing ones coming back for regular maintenance and service. Discover more at steercrm.com.
Auto Shop Answers is an industry-leading automotive shop training program led by Todd Hayes, COO of Adams Automotive in Houston. Learn more at autoshopanswers.com.
Connect with Papakyrikos, CPA: The GPS to Your Business Success
- Visit us online: www.papakyrikoscpa.com
- Email us: Podcast@papakyrikoscpa.com
