Description

Geoff Suval is a seasoned financial advisor and consultant with nearly 30 years of experience helping people, businesses, and causes achieve their goals. As President and Managing Director of Xceleran Business Funding Solutions Inc. (XBizFunding), he empowers business owners to become "bankable" through a proven process that builds business credit and reduces personal financial risk. With a mission to level the playing field for small businesses, he helps clients secure credit and capital at better rates and terms, fueling their growth and success.

A sought-after speaker on business credit optimization and fundability, Geoff guides entrepreneurs in accessing the funds they need to scale while safeguarding their personal finances. A Cornell University graduate, he holds numerous financial licenses and designations, including LUTCF®, ChFC®, AIF® and CHSA®. Geoff’s leadership extends beyond business as Past President of NAIFA Baltimore and the Greater Chesapeake Foundation.

In this episode Leonard and Geoff discuss:

• Build a solid business credit profile separate from personal credit
• Explain the significance of business credit scores and their impact on credibility
• Guide businesses through a 4–6-month process to improve creditworthiness
• Provide access to funds without stringent requirements or personal guarantees
• Bridge financing gaps with lenders for immediate and long-term capital needs

Key Takeaways:

• Separate business credit scores empower entrepreneurs to build their company’s financial credibility independently from personal credit, creating a clear distinction between personal and business financial obligations.
• Business credit scores, ranging from 0-100, heavily influence terms with banks and vendors, with early payments boosting scores into the 80s and ensuring better financial credibility.
• Loan approvals hinge on multiple factors, including high credit scores, consistent bank balances, and demonstrated ability to service debt, reflecting overall financial health.
• Businesses undergo assessments to pinpoint improvement areas, secure temporary funding, and receive coaching to become "bankable," setting them up for favorable long-term financing options.
• Beyond credit-building, XBizFunding provides digital marketing services, business management tools, and financial support, offering a comprehensive solution to help clients achieve growth and financial stability.

“Ultimately, our responsibility is to ensure our clients get offers and have the ability to choose what makes the most sense for them. Some offers might have lower interest rates but require personal guarantees, while others may have higher rates with no guarantees. It’s their decision to make with their advisors—but our job is to get them to that point where they have those choices.”

-Geoff Suval

Connect with Geoff Suval:

Website: https://member.xbizfunding.com/ 

LinkedIn: https://www.linkedin.com/in/geoffsuval/ 

Email: gsuval@xbizfunding.com 

Connect with Leonard Raskin:

Website: https://www.raskinglobal.com/ 

LinkedIn: https://www.linkedin.com/in/leonardraskin/ 

Facebook: https://www.facebook.com/RaskinGlobal 

Email: lraskin@raskinglobal.com  

Leonard’s BOOK: FiduciWho?: What a Real Fiduciary Will Tell You about How to Protect, Grow, Enjoy, and Transfer Your Wealth

Show notes by Podcastologist: Angelo Paul Tagama

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.