On today’s episode, I’m talking with Steve Wible. Steve is a Marine Corps veteran with a deep background in real estate sales, flipping and property management, print manufacturing, and of course, building and obtaining business credit. He has founded and led multiple successful companies and had as many as 300+ rental properties in his portfolio. Our conversation today is about business credit, fundability factors, credit rate terminology, and about COVID and how it has affected lending and credit scores.
Minute Markers:
00:20 – Hello and Welcome
01:06 – A little about Steve
03:00 – Fundability factors
06:30 – The process of how Steve works with clients
08:00 – Business versus Personal Credit Card
12:35 – Where do people get credit today?
15:35 – Cash flow financing
18:00 – Typical terms on introductory rate credit cards
21:50 – Where to find Steve’s services
24:00 – How does the government know how to run your business?
27:00 – Final comments, Final thoughts
30:43 – Thank you for listening to the Big Mike Fund Podcast
Quotes:
“Take advantage of [gas cards] and use it and build your business profile. First of all, you’re not using your personal credit. The utilization directly impacts your personal credit score. The less you use it, the stronger your score will be. So it’s there when you really need it.” – Steve WIble
“Anyone who lived through ‘08, we’ve seen this before. We know what the end result is. In the end, [a lender’s] job is to lend money.” – Steve WIble
“[CreditSuite] is not a sales company, we want to educate first. If you’re unsure, just reach out” – Steve WIble
“It’s been very difficult to operate in a government mandated and regulated environment.” – Mike Zlotnik
“COVID has differentiated between the winners and the losers in a very big way.” – Mike Zlotnik
Resources:
LinkedIn: Steve Wible
Office phone: 1-877-600-2487
Website: CreditSuite
