How Investors Can Get More Money Through Credit Unions | Mark Ritter

The A Game Podcast: Real Estate Investing For Entrepreneurs

Nick Lamagna

Entrepreneurship, Business, Markevansdm, Grantcardone, Wholesalinginc, Sidehustle, Timbratz, Flippinghouses, Wholesale, Education, Pacemorby, Realestateinvesting, Rodkhlief, Brandonturner, Smartpassiveincome, Biggerpockets, Self-improvement, Multifamily

4.6 • 1.6K Ratings

🗓️ 4 September 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join Nick Lamagna on The A Game Podcast with his guest Mark Ritter, an athlete, entrepreneur and funding phenom fighting out of Pennsylvania who is the CEO of MBFS and an expert in credit unions and business lending. Mark started Members 1st Federal Credit Union’s business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation.

In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark increased the number of credit unions the CUSO services by over 10x, grew the revenue by 10x, and ensured positive cash flow every full year he’s been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs. He runs Nu Direction lending and specializes in all things credit unions, small business lending and getting funding for people in various situations they may struggle getting from conventional bank lending. Listen to the full episode for lots of amazing funding advice and tips from the lenders side of the table to help you get more money!

Topics for this episode include:

✅ What to watch out for when building business credit

✅ Do credit unions only lend based on credit

✅ What are the banks scared of in this market

✅ What should you be looking for in your loan documents

✅ How to get approved for more loans

✅ Top mistakes investor make when getting a loan

✅ How investors can protect themselves from a market crash + More!

See the show notes to connect with all things Mark!

Connect with Mark:

Mark Ritter on LinkedIn

www.mbfs.org

[email protected]

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Text Nick (516)540-5733

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Transcript

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0:00.0	Welcome to the A-Game Podcast with Nick Lemanya, digging into the minds and experiences
0:19.3	of some of today's brightest entrepreneurs in real estate and business, along with Hollywood
0:24.4	stars, UFC fighters and your favorite rock fans. People that have figured out how to overcome obstacles,
0:31.1	take chances, live boldly, and no matter what they do, they always bring their A-Game.
0:44.6	All right, my guest today on the A-Game Podcast is Mark Ritter. He is a funding phenom. He can
0:50.0	amazing cooperative and credit unions that he works with small banks, lenders. I think he said
0:53.2	over like 4,000-8,000 something crazy like that, but I always hear people asking stories about
0:57.8	topics about what it's like to work with the local credit union, why you should use small banks,
1:02.4	and he opened up a lot of things that I've heard misconceptions about, or you hear interest in
1:07.3	things like SBA loans, business credit, local credit lines, and why local community banks and local
1:12.8	credit unions can fund things that maybe the big banks can't, and he's shed a lot of light and a
1:16.8	lot of insight onto why that happens, and why you should have a lot of benefits, especially right now
1:20.9	with what's going on in the market, with credit lines being cut, lenders having fear, and he touched
1:25.6	on a lot of really interesting things that will make you see that, hey, you know what, it probably
1:28.2	is a really great time and a great idea to start to put those relationships together there. So we
1:32.2	talk about funding for real estate, business lines are credit, SBA loans overheads. He talks about
1:36.9	some really cool things that I've never even heard of, that he says are some of the best kept secrets
1:40.9	in lighting right now for business owners and real estate investors, so make sure you stay in tune for
1:44.9	that as well. I'll put all his links in the show notes, but really cool, when you hear you're going
1:49.4	to understand the benefits for reaching out to a guy like him, and having him maybe be able to get
1:53.6	to some of the best rates in terms of financing options for whatever you're working on, your problem
1:57.6	deals, your refinances, your business loans, your overheads, your SBA stuff, like really, really cool
	...

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