Building From the Ground Up: NNG Capital Fund
The Steve Harvey Morning Show
iHeartPodcasts
4.5 • 2.2K Ratings
🗓️ 2 April 2024
⏱️ 27 minutes
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Summary
The 2008 Global Financial Crisis was hard for almost everyone. Fuquan Bilal remembers it like it was yesterday. As founder of NNG Capital Fund and a real estate investor, he came home to the news of the crash and the sharp realization that he lost $2 million overnight. That could have been the end and advisors told him to file for bankruptcy.
Join Ben and Tanya as they chat with Fuquan about how he fought to keep his companies afloat. Discover how he brought his business back from the dead using his own gut instincts and investments to diversify his income.
Release date April 2, 2024
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Transcript
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| 0:00.0 | For Fukwan Bilal, CEO of the NNG Capital Fund, he still remembers the 2008 housing market |
| 0:07.1 | crash like it was yesterday. |
| 0:09.6 | I came home and me and my wife actually was in our room and she had the news on and she was like oh my God do you see what's happening the market this is crazy |
| 0:18.4 | brokers were calling me saying hey the dealer's not gonna close the bank pulled out I'm like what is going on and then overnight |
| 0:24.2 | boom the lights just went out just like that I was like the rug got pulled from under my feet |
| 0:29.6 | the bank stopped lending I had deals literally at the closing table lined up the close and all the funding got pulled. |
| 0:36.0 | So when they stopped funding the closing, my business was on standstill. |
| 0:42.0 | You took all the losses. |
| 0:43.0 | Two million dollars. |
| 0:44.0 | Of your own money out the door. |
| 0:46.0 | Absolutely. |
| 0:47.0 | Welcome to the Unshakeables. from Chase for Business and Ruby Studio from I Heart Media. |
| 0:56.0 | I'm Ben Walter, CEO of Chase for Business. |
| 0:59.0 | And I'm Tanya Nippo, a lawyer and consultant for business owners. |
| 1:02.0 | We're sharing the daring stories of small business owners |
| 1:05.0 | facing their crisis points, |
| 1:06.9 | and telling the stories of how they got through it. |
| 1:10.1 | Hey, Tanya. |
| 1:10.8 | Hey, Ben. |
| 1:11.5 | I think today's episode is really inspirational. There's so much to learn from |
| 1:14.8 | Fukwan how he's persevered in life and in business and how he's using his company to give back to his |
| 1:19.6 | community. Can't wait to hear this one. On today's episode, an NNG capital fund from Newark, New Jersey. |
... |
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