Steve Benson
speaker
874 appearances
4 recordings
1 series
first heard Mar 2020
last heard Dec 2023
Steve Benson’s voice in public audio — every appearance, attributed to the second.
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Appearances
Top Founders · How I hit $5m ARR, kept control using 3 different debt providers · 21 Oct 2022
podcast
You're like, well, that's perfect timing.
This is the one that I got, the early payback penalty.
I couldn't leave and swap them out without paying them a big penalty.
And that's a negotiable term because it's total BS.
Short-term loan is dangerous.
We talked about that.
They can control your use of proceeds.
One I've seen is you can only use this to spend on marketing.
So you can only spend on ad dollars with this money.
And it's like, well, I'm already spending money on ad dollars.
I need the money for it.
I need the money for it.
But they give you like a card.
I forget which one this was.
They would give you like a credit card that you can only use the number for marketing.
Super annoying.
Terms matter.
Go through all the terms very carefully.
Have your lawyer friend look at it because sometimes terms can be tricky.
Prepayment penalties is one to watch out for.
Showing 681–700 of 874 · page 35 of 44
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