<p>Luke Boyenger, Expert Fractional CFO, joins Martin &amp; Khalil to discuss cash efficiency, the smart use of lines of credit, SBA loans, building strong banking relationships, and more! </p><p><br></p><p><strong>Time Stamps</strong></p><ul><li>01:54 - Episode &amp; Guest Intro</li><li>02:08 - Exploring AI in Financial Analysis</li><li>05:53 - Cash Series Recap</li><li>07:11 - Building and Managing Bank Relationships</li><li>14:33 - Understanding Line of Credit</li><li>20:29 - Navigating SBA Loans</li><li>25:18 - Treasury Management</li><li>28:30 - HELOC Loan</li><li>31:25 - Identifying Red Flags in Your Business Model</li><li>32:50 - Maximizing Cash Efficiency</li><li>36:19 - Common Cash Leaks and How to Fix Them</li><li>38:50 - Maintaining Healthy Cash Reserves</li><li>50:35 - Episode Outro</li></ul><p><br></p><p><strong>Snippets from the Episode</strong></p><ul><li> There&#39;s just this misconception in the business world that it&#39;s not possible to feel comfortable - bull crap. That is not the way business is supposed to work. </li><li>If you&#39;re going to go into business, don&#39;t put your personal financial health at  risk. Have the intellectual honesty to admit to yourself that if a bank or even a third party lender will not give you SBA funding for your business,  that&#39;s kind of a red flag that maybe this isn&#39;t the business you should even be pursuing in the first place.</li><li> You do not have to fly blind. You do not have to trust your gut. You can run a data-driven business.</li></ul><p><br></p><p><strong>Resources</strong></p><ul><li><a href="https://offer.growth-kits.com/24-things-construction-business-owners-assistant" target="_blank" rel="ugc noopener noreferrer">24 Things </a>Construction Business Owners Need to Successfully Hire &amp; Train an Executive Assistant</li><li><a href="https://www.growth-kits.com/schedule-a-call" target="_blank" rel="ugc noopener noreferrer">Schedule</a> a 15-Minute Roadblock Call</li><li>Check out <a href="https://www.openphone.com/?utm_source=partnerstack&utm_medium=affiliate&utm_campaign=khalilbenalioulhaj3893&utm_content=standard_affiliate&pscd=get.openphone.com&ps_partner_key=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw&ps_xid=VFecpSCp6yqIj0&gsxid=VFecpSCp6yqIj0&gspk=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw" target="_blank" rel="ugc noopener noreferrer">OpenPhone</a></li><li>Build a Business that Runs without you. Explore our <a href="https://www.growth-kits.com/" target="_blank" rel="ugc noopener noreferrer">GrowthKits </a></li><li>Need Marketing Help? We Recommend <a href="https://bit.ly/benaliconstructyoursuccess" target="_blank" rel="ugc noopener noreferrer">Benali</a></li><li>Need Help with podcast production? We recommend <a href="https://www.demandcast.co/" target="_blank" rel="ugc noopener noreferrer">Demandcast</a></li></ul><p><br></p><p><strong>More from Luke Boyenger</strong></p><ul><li>Luke Boyenger on <a href="https://www.linkedin.com/in/luke-boyenger/" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li>Cruzimi <a href="https://cruzumi.com/" target="_blank" rel="ugc noopener noreferrer">Website</a></li><li><a href="info@cruzumi.com" target="_blank" rel="ugc noopener noreferrer">Email </a>Luke</li></ul><p><br></p><p><strong>More from Martin Holland</strong></p><ul><li><a href="https://bit.ly/The-Profit-Problem" target="_blank" rel="ugc noopener noreferrer">theprofitproblem.com</a></li><li><a href="https://bit.ly/Anneal-Business-Coaching" target="_blank" rel="ugc noopener noreferrer">annealbc.com </a></li><li><a href="martin@anealbc.com" target="_blank" rel="ugc noopener noreferrer">Email Martin</a></li><li><a href="https://bit.ly/Meet-With-Martin" target="_blank" rel="ugc noopener noreferrer">Meet With Martin</a></li><li><a href="https://bit.ly/Martin-Holland-LinkedIn" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="https://bit.ly/Martin-Holland-Facebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a></li><li><a href="https://bit.ly/Anneal-Business-Coaching-Instagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a></li></ul><p><br></p><p><strong>More from Khalil</strong></p><ul><li><a href="https://bit.ly/benaliconstructyoursuccess" target="_blank" rel="ugc noopener noreferrer">benali.com </a></li><li><a href="khalil@benalimarketing.com" target="_blank" rel="ugc noopener noreferrer">Email Khalil</a></li><li><a href="https://bit.ly/meet-khalil" target="_blank" rel="ugc noopener noreferrer">Meet With Khalil</a></li><li><a href="https://bit.ly/Khalil-Benalioulhaj-LinkedIn" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="https://bit.ly/benali-facebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a></li><li><a href="https://bit.ly/benali-instagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a></li></ul><p><br></p><p><strong>More from The Cash Flow Contractor</strong></p><ul><li>Subscribe to our<a href="https://www.youtube.com/@cashflowpod" target="_blank" rel="ugc noopener noreferrer"> YouTube channel</a></li><li>Subscribe to our <a href="https://www.thecashflowcontractor.com/subscribe" target="_blank" rel="ugc noopener noreferrer">Newsletter</a></li><li>Follow On Social:<a href="https://bit.ly/thecashflowcontractorlinkedin" target="_blank" rel="ugc noopener noreferrer"> LinkedIn</a>, <a href="https://bit.ly/thecashflowcontractorfacebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a>, <a href="https://bit.ly/thecashflowcontractorinstagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a>, <a href="https://twitter.com/Cashflowpod" target="_blank" rel="ugc noopener noreferrer">X(formerly Twitter)</a></li><li>Visit our <a href="http://thecashflowcontractor.com" target="_blank" rel="ugc noopener noreferrer">website</a></li><li><a href="info@thecashflowcontractor.com" target="_blank" rel="ugc noopener noreferrer">Email</a> The Cashflow Contractor</li></ul>

The Cash Flow Contractor

Benali

247 - Access to Cash: What Are Your Options? with Luke Boyenger

MAR 13, 202555 MIN
The Cash Flow Contractor

247 - Access to Cash: What Are Your Options? with Luke Boyenger

MAR 13, 202555 MIN

Description

<p>Luke Boyenger, Expert Fractional CFO, joins Martin &amp; Khalil to discuss cash efficiency, the smart use of lines of credit, SBA loans, building strong banking relationships, and more! </p><p><br></p><p><strong>Time Stamps</strong></p><ul><li>01:54 - Episode &amp; Guest Intro</li><li>02:08 - Exploring AI in Financial Analysis</li><li>05:53 - Cash Series Recap</li><li>07:11 - Building and Managing Bank Relationships</li><li>14:33 - Understanding Line of Credit</li><li>20:29 - Navigating SBA Loans</li><li>25:18 - Treasury Management</li><li>28:30 - HELOC Loan</li><li>31:25 - Identifying Red Flags in Your Business Model</li><li>32:50 - Maximizing Cash Efficiency</li><li>36:19 - Common Cash Leaks and How to Fix Them</li><li>38:50 - Maintaining Healthy Cash Reserves</li><li>50:35 - Episode Outro</li></ul><p><br></p><p><strong>Snippets from the Episode</strong></p><ul><li> There&#39;s just this misconception in the business world that it&#39;s not possible to feel comfortable - bull crap. That is not the way business is supposed to work. </li><li>If you&#39;re going to go into business, don&#39;t put your personal financial health at  risk. Have the intellectual honesty to admit to yourself that if a bank or even a third party lender will not give you SBA funding for your business,  that&#39;s kind of a red flag that maybe this isn&#39;t the business you should even be pursuing in the first place.</li><li> You do not have to fly blind. You do not have to trust your gut. You can run a data-driven business.</li></ul><p><br></p><p><strong>Resources</strong></p><ul><li><a href="https://offer.growth-kits.com/24-things-construction-business-owners-assistant" target="_blank" rel="ugc noopener noreferrer">24 Things </a>Construction Business Owners Need to Successfully Hire &amp; Train an Executive Assistant</li><li><a href="https://www.growth-kits.com/schedule-a-call" target="_blank" rel="ugc noopener noreferrer">Schedule</a> a 15-Minute Roadblock Call</li><li>Check out <a href="https://www.openphone.com/?utm_source=partnerstack&utm_medium=affiliate&utm_campaign=khalilbenalioulhaj3893&utm_content=standard_affiliate&pscd=get.openphone.com&ps_partner_key=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw&ps_xid=VFecpSCp6yqIj0&gsxid=VFecpSCp6yqIj0&gspk=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw" target="_blank" rel="ugc noopener noreferrer">OpenPhone</a></li><li>Build a Business that Runs without you. Explore our <a href="https://www.growth-kits.com/" target="_blank" rel="ugc noopener noreferrer">GrowthKits </a></li><li>Need Marketing Help? We Recommend <a href="https://bit.ly/benaliconstructyoursuccess" target="_blank" rel="ugc noopener noreferrer">Benali</a></li><li>Need Help with podcast production? We recommend <a href="https://www.demandcast.co/" target="_blank" rel="ugc noopener noreferrer">Demandcast</a></li></ul><p><br></p><p><strong>More from Luke Boyenger</strong></p><ul><li>Luke Boyenger on <a href="https://www.linkedin.com/in/luke-boyenger/" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li>Cruzimi <a href="https://cruzumi.com/" target="_blank" rel="ugc noopener noreferrer">Website</a></li><li><a href="[email protected]" target="_blank" rel="ugc noopener noreferrer">Email </a>Luke</li></ul><p><br></p><p><strong>More from Martin Holland</strong></p><ul><li><a href="https://bit.ly/The-Profit-Problem" target="_blank" rel="ugc noopener noreferrer">theprofitproblem.com</a></li><li><a href="https://bit.ly/Anneal-Business-Coaching" target="_blank" rel="ugc noopener noreferrer">annealbc.com </a></li><li><a href="[email protected]" target="_blank" rel="ugc noopener noreferrer">Email Martin</a></li><li><a href="https://bit.ly/Meet-With-Martin" target="_blank" rel="ugc noopener noreferrer">Meet With Martin</a></li><li><a href="https://bit.ly/Martin-Holland-LinkedIn" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="https://bit.ly/Martin-Holland-Facebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a></li><li><a href="https://bit.ly/Anneal-Business-Coaching-Instagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a></li></ul><p><br></p><p><strong>More from Khalil</strong></p><ul><li><a href="https://bit.ly/benaliconstructyoursuccess" target="_blank" rel="ugc noopener noreferrer">benali.com </a></li><li><a href="[email protected]" target="_blank" rel="ugc noopener noreferrer">Email Khalil</a></li><li><a href="https://bit.ly/meet-khalil" target="_blank" rel="ugc noopener noreferrer">Meet With Khalil</a></li><li><a href="https://bit.ly/Khalil-Benalioulhaj-LinkedIn" target="_blank" rel="ugc noopener noreferrer">LinkedIn</a></li><li><a href="https://bit.ly/benali-facebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a></li><li><a href="https://bit.ly/benali-instagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a></li></ul><p><br></p><p><strong>More from The Cash Flow Contractor</strong></p><ul><li>Subscribe to our<a href="https://www.youtube.com/@cashflowpod" target="_blank" rel="ugc noopener noreferrer"> YouTube channel</a></li><li>Subscribe to our <a href="https://www.thecashflowcontractor.com/subscribe" target="_blank" rel="ugc noopener noreferrer">Newsletter</a></li><li>Follow On Social:<a href="https://bit.ly/thecashflowcontractorlinkedin" target="_blank" rel="ugc noopener noreferrer"> LinkedIn</a>, <a href="https://bit.ly/thecashflowcontractorfacebook" target="_blank" rel="ugc noopener noreferrer">Facebook</a>, <a href="https://bit.ly/thecashflowcontractorinstagram" target="_blank" rel="ugc noopener noreferrer">Instagram</a>, <a href="https://twitter.com/Cashflowpod" target="_blank" rel="ugc noopener noreferrer">X(formerly Twitter)</a></li><li>Visit our <a href="http://thecashflowcontractor.com" target="_blank" rel="ugc noopener noreferrer">website</a></li><li><a href="[email protected]" target="_blank" rel="ugc noopener noreferrer">Email</a> The Cashflow Contractor</li></ul>