Proven Podcast

Limitless Funding Through Credit Repair

29 Jan 2025

50 min

34698 words

2 speakers

29 Jan 2025

Audio

Description

Herman Dolce joins this episode to share his inspiring journey from a first-generation Haitian-American with a passion for financial literacy to becoming the founder of Bella Sloan Enterprises and a leading expert in business funding. With years of experience helping entrepreneurs secure capital and build solid financial foundations, Herman’s insights are invaluable for anyone looking to grow their business responsibly. Through personal stories and proven strategies, Herman breaks down the common mistakes entrepreneurs make with credit and funding, as well as the steps needed to optimize both for success. He emphasizes the importance of financial literacy, sharing actionable tips on cleaning up credit profiles, building business credit, and stacking funding sources effectively. Herman doesn’t just provide advice—he delivers a clear and practical roadmap for entrepreneurs to secure the resources they need to scale. From understanding the nuances of credit to leveraging smart funding techniques, his insights offer a fresh perspective for anyone navigating the financial side of business. Whether you’re a business owner seeking funding or an aspiring entrepreneur looking to strengthen your financial foundation, this episode is packed with practical advice and real-world examples. Herman’s no-nonsense approach and deep expertise will leave you ready to take control of your financial future. Key Takeaways: * The critical steps to optimizing your credit profile for personal and business success. * How to responsibly leverage funding to grow your business. * The concept of stacking funding sources and why it’s a game-changer for entrepreneurs. * Practical insights into financial literacy that every business owner needs to know. Head over to podcast.iamcharlesschwartz.com to download your exclusive companion guide, designed to guide you step-by-step in implementing the strategies revealed in this episode. KEY POINTS: 4:12 - Understanding Wealth Ratio: Herman explains the wealth ratio formula—dividing savings by monthly expenses—and how it helps assess financial stability. He emphasizes the need for at least six months of savings before leaving a job. 6:02 - Importance of Good Credit: Herman highlights good credit as essential for funding, explaining how personal credit acts as a trust indicator for lenders, especially for new businesses. 10:00 - Credit Optimization Tips: Herman shares quick tips like reducing credit utilization under 9%, cleaning up inquiries, and maintaining a clean credit profile to make lenders see you as more reliable. 12:33 - Importance of Credit Profile: Herman explains why lenders look beyond your credit score, stressing the value of diverse credit types, older accounts, and financial consistency. 14:41 - Buy Assets Only: Herman urges entrepreneurs to buy assets that generate income instead of liabilities that drain resources, emphasizing this as the key to sustainable wealth. 20:36 - Recommended Financial Books: Herman recommends Credit Mastery and 10x Is Easier Than 2x for actionable advice on improving credit and scaling businesses strategically. 45:10 - Leveraging Credit Effectively: Herman explains how to strategically stack funding sources from different banks to maximize capital without negatively impacting your credit profile.

Featured

Herman Dolce

Charles Schwartz

Transcription

Full Episode

0.109 - 18.038 Charles Schwartz

Welcome to the I Am Charles Schwartz Show. In this episode, we're diving deep into financial literacy and business funding with Herman Dolce, also known as the Haitian CEO. From helping businesses secure capital to navigating the complexities of credit repair, Herman has become a trusted expert for entrepreneurs aiming to scale their ventures.

18.618 - 34.091 Charles Schwartz

Herman shares his journey as the founder of Bella Sloan Enterprises, a financial literacy company named after his daughter. He walks us through key strategies for optimizing personal and business credit, the importance of financial literacy, and how stacking funding sources can set your business up for success.

34.631 - 50.385 Charles Schwartz

You'll learn actionable tips to clean up your credit profile, build a strong financial foundation, and access capital responsibly. This conversation is packed with advice for business owners, including how to prepare for funding, avoid common credit pitfalls, and make strategic decisions to scale your business.

50.645 - 70.292 Charles Schwartz

Herman debunks myths about credit and provides clear, actionable steps for listeners at any stage of their financial journey. If you've ever wondered how to turn your financial challenges into opportunities or how to fund your business without drowning in debt, this episode is for you. So grab a notebook because your crash course in financial literacy starts now.

70.834 - 84.798 Charles Schwartz

Welcome to the I Am Charles Schwartz Show, where we don't just discuss success, we show you how to create it. On every episode, we uncover the strategies and tactics that turn everyday entrepreneurs into unstoppable powerhouses in their businesses and their lives.

85.338 - 100.223 Charles Schwartz

Whether your goal is to transform your life or hit that elusive seven, eight, or nine figure mark, we've got the blueprint to get you there. The show starts now. All right, everybody, welcome back. I'm excited to talk to Herman. Herman, you've done an immense amount of things. You go by the Hastings CEO. Welcome to the show.

101.343 - 105.285 Herman Dolce

Thank you so much, Charles, for having me and trusting me on your platform. I'm here to serve today.

105.725 - 123.572 Charles Schwartz

I love it. Tell people who you are, because a lot of people may have lived under a rock or have been distracted with the news lately. We won't get into that. But tell people who you are, what your success is, and I'd love for you to sneak in why your entire background, for those of you watching on YouTube, why his background says what it says. I love the story behind it. It makes my heart blow up.

124.99 - 149.41 Herman Dolce

So my name is Herman Dulce Jr., son of Herman Dulce. I am a first-generation Haitian. My family came to this country in the late 70s. Born in Brooklyn, Philly raised me. And I'm the founder of this wonderful company called Bella Sloan Enterprises, financial literacy company first. But we primarily like to help small, medium businesses get capital and get some funding.

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Limitless Funding Through Credit Repair

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Limitless Funding Through Credit Repair

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