Are you a new or existing small business owner in need of financing to grow or maintain your company? If so, our guest will be your guide.
Mark Ritter is the CEO of Member Business Financial Services (MBFS) and Nu Direction Lending. He is an expert in all things credit union and small business lending. Both organizations are owned by credit unions and designed to help credit unions fund more loans to real estate investors and small business owners in their communities.
In this episode Mark helps us to understand that not all financial institutions are alike, and offer better, or worse, deals for small businesses based on a variety of factors. He urges us to consider them more like you would the restaurant industry. Some restaurants provide enhanced services, but with premium pricing. Others offer quick solutions that aren’t all that healthy. He urges us to take time to plan out your financial moves and understand what you really need for the fiscal health of your company.
Prior to becoming CEO in 2012, Mark led the business lending program for a large credit union in Pennsylvania. In the past eight years at MBFS, Mark increased the number of credit unions the company services by over 8x, grew the revenue by 15x. More importantly, MBFS has helped countless credit union members gain the ﬁnancing they need for small business and real estate investment needs.
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Thank you to our April Sponsor: Entrepreneur’s Guide to Financial Well-Being or Wayne Titus
Imagine starting a long journey without a map…or even a clear idea of the obstacles ahead. That’s exactly what it’s like for entrepreneurs who start companies with a lot of passion, but without the financial expertise to grow and scale their businesses and create long-term wealth for their families.
Wayne Titus shows you how to find a financial adviser who can help you map a better journey. In his book, The Entrepreneur’s Guide to Financial Well-Being. With the right adviser at your side, you’ll have the freedom to focus on what really matters to you.
Get The Entrepreneur’s Guide to Financial Well-Being at Amazon.com and in the virtual bookstore on the Shock Your Potential app.