Episode 13

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Published on:

30th Apr 2024

Honey & Hustle Presents: Funding Roundtable, Business Grants, and Commercial Real Estate

In this special financial roundtable episode of Honey & Hustle, I am joined by Andrea Inoken and Corey Barbour to discuss grant funding and securing commercial loans. While offering free money to businesses, grants can be highly competitive. Entrepreneurs should align their business with organizations that match their industry or geographical location to enhance their chances of securing grants successfully. Grants also often come with post-award reporting obligations. Entrepreneurs must understand the reporting expectations and be ready to demonstrate how the grant funds were utilized and the impact they had on the business.

Corey emphasized the importance of evaluating their capacity to repay the loan and the character of the borrower. Understanding your cash flow and financial position is essential before taking on debt. This aligns with the idea of being prepared to answer questions about how the loan will be repaid and demonstrating a track record of responsible financial behavior.

Want to learn more? Find Cadence Cash and Barbour Companies online at https://cadencecash.com/ and https://www.barbourcompanies.com/.

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About the Podcast

Honey & Hustle
A creative entrepreneurship podcast
Honey & Hustle is a video podcast featuring conversations with creative entrepreneurs, small business owners, and non-profit founders in North Carolina. On this show, you can expect vulnerability, motivation, laughs, and candid discussions about what it takes to pursue meaningful work that makes a positive impact. This is where storytelling and entrepreneurship collide to give you a real-world MBA that feels like a movie. Grab some popcorn, a pad, and your favorite pen. Rated "CEO." Hosted and produced by Angela Hollowell. 

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