New business owners can use 0% APR intro credit card offers as interest-free startup funding instead of high-interest loans. Banks like Chase and Citi offer 12 to 21 month periods with no interest, and one speaker used this method to build a house.
Questions this video answers
October 15, 2024
About 80% of national banks
0% for 9 months
0% for 12 months
Chapters
So our biggest thing as a funding company is not just get you money. There are a lot of people who will get you just money. Right, but how about the type of money you're getting somebody. So what we focus on is 0% APR, credit card. Most business owners that are coming to us are new. They don't have cash flow yet. So I don't want to put them in a position to. Now they got 20, 25% interest, and now they're drowning before they even got to leverage the money. About 80% of national banks have a 0% APR period. Like a TRUA. 0% 12 months. Right. Bank of America, 0%, 9 months. Chase, 0%, 12 months. So all of these plays, we can get you the fund. Say you wanted to go start a tarot business, Airbnb. Now you can go get a coach. Now you can go get your units up, list them on vrbo, Airbnb. And now you're cash flowing. So by the time 12 months has came back around, now we can start paying back our minimum balance and no interest being accrued. So it allows you to actually grow and not be in a hole.
For my. I just built a house and I use a credit card. Interest on a lot of it.
Fire.
I call this like the information era, where we finding out stuff, other ethnicity.