Latest / Financial Survival Network / Master Business Funding for Success - Herman Dulce Jr- #6166

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Master Business Funding for Success - Herman Dulce Jr- #6166 · Financial Survival Network

• 0:00
  Speaker 1: Eighty percent of businesses fail within the first five years.
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  Speaker 1: One of the main reasons because of lack of capital
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  Speaker 1: and lack of funding. So I'm here a bet it's
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  Speaker 1: on enterprises. We like to teach and help small, medium,
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  Speaker 1: large businesses, startups get the funding that they need so
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  Speaker 1: that they can thrive and survive.
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  Speaker 2: You're listening to Carrie Lutz's Financial Survival Network, where you
• 0:20
  Speaker 2: get valuable information you just can't find anywhere else to
• 0:24
  Speaker 2: thrive in today's trying times. You need the Financial Survival
• 0:28
  Speaker 2: Network now more than ever. Go to Financial Survivalnetwork dot
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• 0:38
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  Speaker 3: More than ever, and welcome you are listening to and
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  Speaker 3: watching the Financial Survival Network. I'm your host, Kerry Lutz. Well,
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  Speaker 3: if you're looking to fund your business, if you're looking
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  Speaker 3: to start a business and get it funded, then you're
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  Speaker 3: going to want to hear from my next guest, Herman
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  Speaker 3: Dulce Junior. Hermann, It's great to have you on the show.
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  Speaker 3: So in this day and age, all we hear about
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  Speaker 3: is funding. You know, campaign promises all that, but in
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  Speaker 3: the end, funding your business is really up to you,
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  Speaker 3: isn't it.
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  Speaker 1: Absolutely absolutely, Cary, thank you so much for having me
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  Speaker 1: on the show. First of all, I really appreciate it.
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  Speaker 1: But yeah, I'm eighty percent of businesses fail within the
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  Speaker 1: curse five years. One of the main reasons because a
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  Speaker 1: lack of capital and lack of funding. So here, I
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  Speaker 1: bet it's on enterprises. We like to teach and help small, medium,
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  Speaker 1: large businesses, startups get the funding that they need so
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  Speaker 1: that they can thrive and survive. All right, So how'd
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  Speaker 1: you wind up getting into this kind of niche field here?
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  Speaker 1: So short story made long. My wife and I have
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  Speaker 1: been married eleven wonderful years. My wife Janelle, we actually
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  Speaker 1: took a baby moon, and that's a trip that you
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  Speaker 1: take before your first kid comes, right, so had Italy
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  Speaker 1: and I had to take time off of work to
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  Speaker 1: do that, to take a full two weeks. When I
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  Speaker 1: got back, I was telling my brother how disappointed I
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  Speaker 1: was because I wasn't able to spend time with my
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  Speaker 1: wife afterwards, and he told me, unless you own your
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  Speaker 1: own you'll never be free, So start start something. And
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  Speaker 1: I was like, what am I going to start? And
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  Speaker 1: he is like that credit you do. Stop doing it
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  Speaker 1: for free. He's like, they're going to pay somebody, they
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  Speaker 1: might as well pay you. So I got a couple
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  Speaker 1: of my friends and my family. I fixed their credit
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  Speaker 1: for free, posted that on Idia, got my first clients,
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  Speaker 1: went on YouTube University to hold my craft just a
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  Speaker 1: little bit more, and fell into the business funding space.
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  Speaker 1: I learned a lot about it, brought that back to
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  Speaker 1: the clients who already got their credit fits. And then
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  Speaker 1: when you start teaching people how to get twenty thirty thousand,
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  Speaker 1: forty fifty thousand in their business name and it doesn't
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  Speaker 1: report to the personal well, then it does kind of
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  Speaker 1: crazy from there, all right.
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  Speaker 3: So when you say funding is this debt? Equity has
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  Speaker 3: this work.
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  Speaker 1: So this is debt. So just like you can get
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  Speaker 1: credit cards in your personal name, because you know in
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  Speaker 1: America nobody really teaches you financial literacy that it can
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  Speaker 1: be bully debt can be get double ed shortz. Debt
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  Speaker 1: was created. Credit was created to leverage to buy assets
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  Speaker 1: or things that make you money. That's its purpose. That's
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  Speaker 1: how Instagram started to Facebook, Google. These big companies, you
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  Speaker 1: leverage debt to do that. So we teach you how
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  Speaker 1: to get the debt in the business name, and then
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  Speaker 1: they can invest in their real estate deals, their startup company,
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  Speaker 1: teacher company, tech company, whatever it is. We got a
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  Speaker 1: lot of people from different walks that come to us
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  Speaker 1: and they have a great idea, but they just don't
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  Speaker 1: have the capital to do it. And we love helping
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  Speaker 1: people get that startup capital. Instead of using that ten
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  Speaker 1: grand to spend on Black Friday with consumeris on, we
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  Speaker 1: teach them how to use that same money and invest it.
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  Speaker 3: So that's kind of the Robert Kiyosaki Good debt, bad debt,
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  Speaker 3: I said, it is something that helps you buy something
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  Speaker 3: you really can't afford. Good debt is debt that helps
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  Speaker 3: you buy assets that generate cash flow. And exactly right
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  Speaker 3: on the nose, all right, So tell us some of
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  Speaker 3: your success stories.
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  Speaker 1: Love to hear oh wow. So we've been doing it
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  Speaker 1: for eight years and our company, Bellosone Enterprises has proudly
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  Speaker 1: we have probably funded over one hundred million dollars to
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  Speaker 1: our clients. So we've done really well over the past
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  Speaker 1: ten years. And through our financial literacy company, Bellowstone Academy,
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  Speaker 1: because people are like, oh, can you teach me what
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  Speaker 1: you do? We have helped over one hundred people with
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  Speaker 1: their full time jobs started the businesses and we have
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  Speaker 1: created seven millionaires in the past ten years, so the
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  Speaker 1: resume is really good by people who have taken this information,
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  Speaker 1: this education, and have executed on it and the rest
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  Speaker 1: is up to them. They've been doing really well.
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  Speaker 3: That's a great record there to interest rates, so your
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  Speaker 3: client's paying.
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  Speaker 1: For the death. So the benefit of what I teach
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  Speaker 1: is the business credit cards that they're getting, whether it's Chased,
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  Speaker 1: American Express or smaller credit unions that are in your
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  Speaker 1: area of Philadelphia, Federal Credit Union. These interests on these
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  Speaker 1: credit cards, we like to teach get cheap money right,
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  Speaker 1: So these are zero percent interest for up to a year,
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  Speaker 1: so it's a great startup appital that is minimal risk,
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  Speaker 1: minimal interest on them.
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  Speaker 3: Now.
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  Speaker 1: Of course, when a zero percent runs out, it jumps
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  Speaker 1: up to eighteen ninety twenty percent depending on your credit score.
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  Speaker 1: But by that time two options. The first option is
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  Speaker 1: your business is thriving and you should have paid that
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  Speaker 1: money back for the twelve months. And the second option
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  Speaker 1: we teach them how to get even more business credit
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  Speaker 1: cards so that they can transfer to a balanced transfer
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  Speaker 1: to another zero percent interest credit cards. So you're buying
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  Speaker 1: yourself a little bit more time.
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  Speaker 3: Okay, well buy that. And so business credit cards are
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  Speaker 3: they different than getting consumer credit cards?
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  Speaker 1: They're much different. They operate the same same site, same
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  Speaker 1: zero percent interest, but you get the same rewards, same
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  Speaker 1: cash back. But the main reason why I pushed this
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  Speaker 1: and I teach this is for two main reasons. Number one,
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  Speaker 1: the credit limits are a lot higher on the business side,
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  Speaker 1: So like I have a Best Buy personal and the
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  Speaker 1: Best Buy a business credit card. My best Buy personal
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  Speaker 1: credit card is about eight thousand. My business credit card
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  Speaker 1: it's about forty thousand. Because lenders understand that businesses need
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  Speaker 1: more capital, so the limits are a lot higher to
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  Speaker 1: start with on the business side. And the second most
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  Speaker 1: important part is that the debt does not show up
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  Speaker 1: on your personal credit repork. That's the real beauty of it.
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  Speaker 1: So you know, I did a real estate deal with
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  Speaker 1: a line of credit that I had, and it was
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  Speaker 1: on the business side. We maxed it out the fifty
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  Speaker 1: thousand dollars to put a down payment and purchase a
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  Speaker 1: property right got hard money lending to do the rest
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  Speaker 1: of it. But that fifty thousand didn't show up on
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  Speaker 1: my credit work. So my eight hundred credit work credit
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  Speaker 1: score was intact and I was able to still do
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  Speaker 1: what I needed to do without it personally affecting my credit.
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  Speaker 3: But we definitely like to hear stories like yours. I mean,
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  Speaker 3: what's the downside of business credit?
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  Speaker 1: Then? Do you pay any higher rates.
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  Speaker 3: When you actually have to start paying or you look
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  Speaker 3: to refinance At that point you've gotten enough enough credit there,
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  Speaker 3: I guess that you've been able to get on your foot,
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  Speaker 3: like you said, and start to having a business that.
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  Speaker 1: The cash he makes some money. Yeah, that actually makes money,
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  Speaker 1: so absolutely well. I've been doing this for over ten years,
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  Speaker 1: so it's not just getting the credit, is having a
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  Speaker 1: business plan, a marketing plan, and the team around you
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  Speaker 1: to help you turn that debt into cash flow. So
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  Speaker 1: whatever debt we get, we turn it around pretty quickly.
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  Speaker 1: But I like to stress this, and I think you're
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  Speaker 1: alluding to it being responsible with the debt that you get,
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  Speaker 1: because just how consumer debt could eat you alive, business
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  Speaker 1: credit could eat you alive too, because if you don't pay,
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  Speaker 1: the debt charges off, goes into collection. They then put
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  Speaker 1: it on your personal credit profile at that point. So
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  Speaker 1: anything you want to be responsible with the money, have
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  Speaker 1: a plan with it, and execute on it efficiently.
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  Speaker 3: So there's a reason that debt is a four letter word. Right,
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  Speaker 3: very good, carry, absolutely and absolutely because you know the
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  Speaker 3: problem with debt as opposed to equity is that's got
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  Speaker 3: to be paid back. And you know, if you've got
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  Speaker 3: a decent credits scor, you can do it. But how
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  Speaker 3: do you switch all your consumer debt to business debt?
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  Speaker 3: Is there a way to do that? You could actually
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  Speaker 3: do that. A lot of my mentees have gotten pretty
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  Speaker 3: savvy with it. So say, for instance, there are a
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  Speaker 3: couple of thousand in debt on the personal side. If
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  Speaker 3: you're eligible, and the debt on.
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  Speaker 1: The personal side, it's not too crazy, you will get
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  Speaker 1: funded on the business side. So what they do is,
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  Speaker 1: just like any credit card with zero percent interest, they
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  Speaker 1: balance transfer the debt from the personal to the business side.
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  Speaker 1: So now their credit uniices decreases even more significantly, their
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  Speaker 1: credit scores go up, and now you've actually helped yourself.
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  Speaker 1: But as the debt is a lot cheaper, you're not
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  Speaker 1: paying that twenty percent that was on the personal side.
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  Speaker 1: It's on a zero percent interest credit card. Interesting.
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  Speaker 3: Interesting, All right, Well, I know you people out there
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  Speaker 3: are going to want to talk to herman. Herman, how
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  Speaker 3: do we find you?
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  Speaker 1: How do we connect with you on the web. But
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  Speaker 1: we would love to be a service to anybody that's
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  Speaker 1: looking for financial literacy at blocent On Academy, or they
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  Speaker 1: need to get their credit together, or they need funding
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  Speaker 1: for their businesses. They could reach out to me at
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  Speaker 1: info at bella Sloan Enterprises dot com. That is bella
• 9:04
  Speaker 1: b E l l A Sloan s l o A
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  Speaker 1: N Enterprises E N t E R p R I
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  Speaker 1: s E s infoelos on enterprise dot com. Or you
• 9:14
  Speaker 1: can follow me on all social media TikTok, Instagram and
• 9:17
  Speaker 1: Twitter at Hatian Underscore CEO that is h A I
• 9:21
  Speaker 1: T I a N Underscore Ceo, where we teach these
• 9:25
  Speaker 1: things every single morning apples at six am, information that
• 9:28
  Speaker 1: people could use for free to go at execute and
• 9:32
  Speaker 1: start themselves on a better lice. All right, well, herman,
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  Speaker 1: it's been a pleasure. We really do appreciate your coming
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  Speaker 1: on here because this is, like you said, financial literacy
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  Speaker 1: or financial illiteracy is by far the most distruptive kind
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  Speaker 1: of illiteracy that we have, right and I bet so
• 9:51
  Speaker 1: anything you can do to help people really understand, to
• 9:55
  Speaker 1: help you understand better is really important. So and that's
• 10:01
  Speaker 1: and you'll find a link to herman site in the
• 10:04
  Speaker 1: show notes to this interview on Financial Survival Network dot com.
• 10:09
  Speaker 1: And while you're there, please sign up for your free newsletter.
• 10:12
  Speaker 1: And if you got a question for Herman or myself
• 10:14
  Speaker 1: that we can help you with, please send me an
• 10:17
  Speaker 1: email to kl at Carrie Lets dot com.
• 10:20
  Speaker 3: Hermit Sure, we'll have you on again. Thanks for stopping by.
• 10:23
  Speaker 3: We'll talk to you soon.
• 10:24
  Speaker 2: Absolutely, Thank you so much, Carrie, thanks for listening to
• 10:27
  Speaker 2: Carrie Lets. This Financial survival Network your solution to today's
• 10:32
  Speaker 2: trying times. For the latest, go to Financial Survivalnetwork dot com.
• 10:37
  Speaker 2: Financial Survival Network now more than ever,