Sep 4, 2023
Join Nick Lamagna on The A Game Podcast with his guest Mark Ritter, an athlete, entrepreneur and funding phenom fighting out of Pennsylvania who is the CEO of MBFS and an expert in credit unions and business lending. Mark started Members 1st Federal Credit Union’s business lending program as “one person and a desk” with no policies, products, staff, systems, or business members. That program grew to be one of the top ten in the nation.
In 2012, he took on the challenge of being the CEO of a business lending CUSO. Mark increased the number of credit unions the CUSO services by over 10x, grew the revenue by 10x, and ensured positive cash flow every full year he’s been at the CUSO. More importantly, MBFS has helped countless credit union members gain the financing they need for business and investment needs. He runs Nu Direction lending and specializes in all things credit unions, small business lending and getting funding for people in various situations they may struggle getting from conventional bank lending. Listen to the full episode for lots of amazing funding advice and tips from the lenders side of the table to help you get more money!
Topics for this episode include:
✅ What to watch out for when building business credit
✅ Do credit unions only lend based on credit
✅ What are the banks scared of in this market
✅ What should you be looking for in your loan documents
✅ How to get approved for more loans
✅ Top mistakes investor make when getting a loan
✅ How investors can protect themselves from a market crash + More!
See the show notes to connect with all things Mark!
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