Building Business Credit Means Building Partnerships - Episode #276 w/ Herman Dolce

Social Proof Podcast

Social Proof Network

Entrepreneurship, Business

5 • 2K Ratings

🗓️ 8 August 2022

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you need more credit? How do you do it the right way? Herman Dolce ( Haitian CEO) has gone from a career in social work and working as an executive director and managing a 3 million dollar budget ( while being paid a base salary) to last year securing more than 50 million dollars in credit funding for his clients. There are so many questions about how to properly lock in funding through credit and we are going to get right into it! We’ll talk about:

The Business Credit Blueprint : What the approach should be of a newer business when seeking to get funding to expand their operations, buy equipment, and free up more capital to grow their reach.

Using OPM & Profiting From Your Genius : How To Use Other People’s Money while you establish, fund, and operate your business to profit and build a legacy.

The True Purpose Of LLC’s : Why having more than one LLC at a time can be used as a tool to help you build into your ability to have a bigger vision and acquire more funding from financial institutions.

Lines of Credit Vs. Credit Cards : The truth about what it takes to secure lines of credit from multiple sources and why credit cards can be helpful to your plans to build a relationship with banks.

and so much more!

***👇🏾Grab Herman’s Business Blueprint Course with this link : https://bellasloanllc.com/dave?fpr=david-61

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Transcript

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0:00.0	If your business is over two years old, right, you walk in and you ask for this business credit card, you can also ask for a business line of credit at the same time, and it'll be the same inquiry.
0:11.2	So you get two lines of money with one inquiry from the bank, though, from the same bank. Yeah. I imagine doing that at two, three banks. So you got a lot of credit and you got a credit card.
0:21.8	Same inquiry is what I don't understand. Okay.
0:26.2	For you who you have the resources to buy the stuff that you need.
0:33.0	Well, why would you get all this credit? And three, two, one.
0:41.4	You're listening to the real social proof podcast with Mr. Sleegus for suckers himself, David Shand.
0:49.8	Let's get it.
0:50.8	Welcome to another edition of the social proof podcast. We find dope people that do dope stuff. Today is no different. We have the business credit king.
1:01.2	You ever set call yourself that?
1:04.0	King credit and king business credit king. It just sounds lit.
1:07.9	Trademark on the way. Oh, let me get you a mic in here.
1:10.8	Trademark on the way. I need a percentage of that. Okay. You can't steal my ID.
1:15.6	All right. So yes, you let's just get straight out the jump because five actual question.
1:23.1	How many people you fund it or how much money and funding did you receive or get for your clients? How much was it?
1:31.1	So in 2021, we did $50 million in funding for our clients, meaning
1:38.9	you got $50 million worth of credit and funding. Yeah. Credit for clients, lines of credit, the whole shabang.
1:46.5	Where? Yeah. Are all these people who follow the taxes regularly?
1:50.5	Oh, that's not in my business.
1:54.2	Hey, man, I'm honestly, I'm like, I'm getting my stuff together.
1:59.7	Because you know, like, you can make money, but you don't want to pay taxes and all that kind of stuff.
2:04.4	But I am a tax paying citizen. I'll tell you that.
2:07.2	I taxes. It's ghetto. It's ghetto. It's very ghetto. I mean, especially, you know, I paid a lot like more.
	...

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