Clint Proctor’s Post

we understand the importance of being wise in using your credit card. It's not just about swiping; it's about strategic moves that pave the way for success. Let's talk about how you can leverage your business credit wisely and unlock new opportunities. 💼💳 #DreamsReparation #BusinessCredit #FinancialWisdom

Lots of people online encourage buying a business with 90% leverage. I'm not one of them. Here's why: If you buy with 90% leverage, you don't leave much slack for yourself. 2-3 years of bad market conditions could kill your business... Not a fun outcome if you have a personal guarantee on the line. Some people will argue: "DSCR is all that matters. If you can cover debt payments and have some buffer, you'll be fine." DSCR is a crucial number when you buy businesses, but isn't the end all, be all. DSCR measures only financial risk. But it doesn't cover: • Customer concentration • One-time risk events • Profit per customer • Liability risks • Legal risks When bankruptcy is the downside, err on the side of caution.

Here are the best credit repair companies of 2024 to save you time and money.

Authorized User Tradelines, Credit Repair, Financial Freedom, Stop making the same Mistakes. Seasoned tradelines are the accounts that are at least 5 years of age, or older. We have tradelines from 10k up to 100k. These tradelines offer a bigger impact because of their age and history. If you want to reach your credit score goals fast, then buying a tradeline is your best bet from 10x Business Solutions! Process takes around 2-weeks from start to finish. "It's time to level up your credit score and unlock the future you deserve! 10x Business Solutions – Changing lives, one credit score at a time!

Business Insights: Credit Lines and Credit Cards function almost the exact same. One big difference is that credit cards offer reward points and intro rates of 0%, credit lines typically don’t. But you can use credit lines to get cash advances at much lower rates than with credit cards.

Credit cards can be a great cash flow tool or a HUGE barrier to your success. Here are some signs they're hurting your business 👇 ➡️ You carry a balance and pay the minimums every month ➡️ You use them for purchases you can't actually afford ➡️ You rely on them as a "safety net" instead of having savings ➡️ You're not getting the advantages because you're just in debt #creditcards #marketingagency #smallbusinessowner

Want to grow your small business segment? Here's why you should offer credit card payments as an option: 🥉 29% of small businesses tried to get funding through credit cards. Once established, 69.3% applied for a business credit card. 🥈 62% of small businesses using credit cards as a financial tool attribute their success to credit cards. 🥇 Small businesses that use credit cards to finance their business spend an average of $160,000 - $250,000. Let me know if you are thinking of adopting card payment as an option. We are the go to people when it comes to online payments. 📩 [email protected] #Stripe #Forbes #Sales #Paymentmethod # https://lnkd.in/e3hvYZ9v

🔥 Is Your Business Overpaying for Credit Card Processing? 🔍 If you're a business owner, you know the sting of hefty credit card processing fees. But what if I told you there's a way to slash those costs and keep more of your hard-earned revenue? Titan Business Advisors just achieved a staggering 71% reduction in credit card processing fees for one of our clients. That's not a typo – it's a game-changer! 💡 Many businesses don't realize they have options when it comes to processing fees. We're here to change that. Imagine the impact on your bottom line if you could significantly cut down on these expenses. That's exactly what we're passionate about at Titan Business Advisors – helping businesses thrive by optimizing their financial strategies. Here's the kicker: you have the option of passing these savings onto your customers. Not only will you benefit, but your clients will appreciate the transparency and potential cost savings too.

In these tough economic times, many businesses are struggling. ASIC data shows that 47% of small business are currently struggling to meet repayments – and only 27% seek financial hardship assistance. But there’s one thing can make all the difference to these businesses: maximising cashflow. Premium funding makes it easier to manage insurance expenses, with flexible payment schedules that fit in with a business’ other priorities – not the other way round. Talk to us today about how premium funding can unlock cashflow for your clients – and make these tough times a little easier to get through. #readyfortoday