Weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live.
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episode 134: Her CFO Tips: Financing Strategy Based on Short-Term versus Long-Term Capital Needs
Many founders shy away from debt financing because of a lack of knowledge. However, debt financing can be beneficial to businesses with a steady cash flow and existing assets. When you play your cards right, you can secure financing for your business without having to give any ownership away.
In this episode, I’ll show you how to match your short-term and long-term capital needs to the right debt financing option. Then, I’ll give you 10 options for how you can finance your business, depending on your situation. Finally, I’ll show you the keys to securing any type of financing. Once you get these right, you can save your business from paying higher interest rates while also fulfilling your needs.
Tune in to the full episode to know how you can grow your business through debt financing!
Episode Highlights:
- [01:12] Choosing a Financing Strategy
- [02:14] Short-Term versus Long-Term Capital Needs
- [02:39] Equity Financing versus Debt Financing
- [03:55] Short-Term Financing Needs Option #1: Trade Credit
- [04:43] Short-Term Financing Needs Option #2: Overdraft Financing
- [05:06] Short-Term Financing Needs Option #3: Revolving Loan
- [05:27] Short-Term Financing Needs Option #4: Invoice Financing
- [06:24] Short-Term Financing Needs Option #5: Purchase Order Financing
- [06:39] Short-Term Financing Needs Option #6: Inventory Financing
- [07:06] Short-Term Financing Needs Option #7: Payables Financing
- [07:56] Long-Term Financing Needs Option #1: Equipment Financing
- [08:36] Long-Term Financing Needs Option #2: Project-Based Financing
- [09:00] Long-Term Financing Needs Option #3: IP-Backed Financing
- [09:35] Keys to Any Financing Strategy
- [10:03] Why Female Founders are Reluctant to Choose Debt Financing
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Resources
- Visit Christina Sjahli’s website for related episodes on the Her CEO Journey™ Podcast.
- Invoice Factoring: Financing Your Business Recovery and Growth with Prestige Capital - The Journey of Rachel Hersh
- Changing the Future of Business: Slow Growth and Sound Financial Planning are the Secrets - The Journey of Badger
- Growing Your Business with IP-Backed Financing - The Journey of Lally Rementilla
- Download the Forecasting Guide so you can create a better and improved financial forecast for your business!