Let’s talk money – as in financing your first studio or funding to scale and add locations. By understanding your options, you can quell your anxiety and prepare for the process.
Coaches Caroline Plambeck and Alex Lavelle got you covered in part 3 of our series: Episode 654: Real Estate, Loans and Investment: Deciding the Best Financing for Your Studio.
- Speak the language: know conventional, non-conventional, credit stacking and niche
- Saddle up: getting approved for an SBA loan can be a time-consuming challenge
- Think big: buying your building may be better than leasing or renting
- Collect cards: consider credit stacking to fund smaller projects
- Fear not: denials happen, so fine-tune, be tenacious and don’t quit
The bottom line, according to Alex? Know the rules. Play by the rules. And play to win. Get ready to get in the game with Episode 654.
Catch you there.
With grit and gratitude,
Lisé
LINKS:
https://www.instagram.com/studiogrowco
