In this episode, Andrew Biggs interviews George Otel about business funding strategies. George shares why it’s crucial to secure financing when your business is doing well, how to treat a line of credit like an insurance policy, and why building business credit early pays off in the long run.

🔑 Key Takeaways:

Why banks lend money when you don’t need it
How to make a line of credit work as a financial safety net
Tips for building business credit that scales
Managing cash flow without getting into debt traps

Chapters:

00:00:00 - Kickoff: Why Getting Funded Before You’re Desperate is a Power Move
00:01:09 - Welcome Aboard: Tuning into the Better Rich Show
00:01:51 - The Lifeline of Business Growth: Why Financing Matters
00:03:32 - Demystifying the Money Maze: Your Business Funding Options
00:07:19 - Leveraging Business Credit and Lines Like a Pro
00:10:00 - Smart Moves: How to Boost Your Odds of Getting Approved
00:12:35 - Building Wealth: The Strategic Advantage of Business Assets
00:13:54 - SBA Loans Made Simple: Navigating the Government Game
00:17:04 - Hard Truths and Pro Tips: George’s Final Word
00:19:14 - Real Talk: Audience Questions and George’s Goldmine of Advice
00:23:22 - Wrap-Up: How to Connect and Partner with George

📚 Resources Mentioned:

The Psychology of Money – Morgan Housel
How to Win Friends and Influence People – Dale Carnegie
Think and Grow Rich – Napoleon Hill

📬 More from George:

US Business Funding: usbusinessfunding.net
LinkedIn: https://www.linkedin.com/in/georgeotel/

Connect with The Better Than Rich:

Securing Business Funding Like a Pro: George Otel on Lines of Credit and Building Wealth | The Better Than Rich Show Ep. 210