By now hopefully you’ve gotten some cash flow coming and it’s time to put the gas pedal down harder and lever up your business. In fact your deposits may have grown large enough that the bank will recognize you as a real company and offer you a secured line of credit! Without even realizing it you’ve made the bank a silent partner whose debt takes priority. So what does this situation look like for business owners and why can this be a good thing? Today Joe and Jack Russo explain what to do when the bank calls your business loan. Specific topics include:
- Why would the bank demand payback within hours?
- How to liquidate quickly
- Emergency backup capital
- Leveraging debt into a business
- VC loans and plan B’s
If you wish to contact Joe Cucchiara email him at Joe@RERadioLive.com, call (408)-838-9060 or simply visit www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.
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