Business Financing Predictions for the 2023 Economy
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Summary
Tune in as Gene Marks talks with the CEO of Nav Technologies, Inc, Greg Ott about what business owners can expect in 2023 when it comes to financing. Hear what Greg had to say about finding the right financing for your business, the impact of interest rates, the increasing cost of capital, lines of credit, and much more.
Topics Include:
00:20 – Introduction to Greg Ott
00:52 – What is Nav and how it works
03:02 – Finding financing that’s right for your business
04:01 – The impact of interest rates in 2023
05:46 – The increasing cost of capital
07:21 – Financing options through Nav
10:40 – SBA loans
12:28 – Reasons businesses don’t qualify
15:33 – Potential financing options in 2023
16:34 – Lines of credit
17:03 – Rising interest rates
23:14 – Financing alternatives in 2023
25:08 – Wrap up
Read more about how to secure financing for your small business.