Business
On today’s episode, I’m talking with Steve Wible. Steve is a Marine Corps veteran with a deep background in real estate sales, flipping and property management, print manufacturing, and of course, building and obtaining business credit. He has founded and led multiple successful companies and had as many as 300+ rental properties in his portfolio. Our conversation today is about business credit, fundability factors, credit rate terminology, and about COVID and how it has affected lending and credit scores. Minute Markers: 00:20 - Hello and Welcome 01:06 - A little about Steve 03:00 - Fundability factors 06:30 - The process of how Steve works with clients 08:00 - Business versus Personal Credit Card 12:35 - Where do people get credit today? 15:35 - Cash flow financing 18:00 - Typical terms on introductory rate credit cards 21:50 - Where to find Steve’s services 24:00 - How does the government know how to run your business? 27:00 - Final comments, Final thoughts 30:43 - Thank you for listening to the Big Mike Fund Podcast Quotes: “Take advantage of [gas cards] and use it and build your business profile. First of all, you’re not using your personal credit. The utilization directly impacts your personal credit score. The less you use it, the stronger your score will be. So it’s there when you really need it.” - Steve WIble “Anyone who lived through ‘08, we’ve seen this before. We know what the end result is. In the end, [a lender’s] job is to lend money.” - Steve WIble “[CreditSuite] is not a sales company, we want to educate first. If you’re unsure, just reach out” - Steve WIble “It’s been very difficult to operate in a government mandated and regulated environment.” - Mike Zlotnik “COVID has differentiated between the winners and the losers in a very big way.” - Mike Zlotnik Resources: LinkedIn: Steve Wible Office phone: 1-877-600-2487 Website: CreditSuite