In this episode, host David Ponraj talks with Danny McDonald, SBA Expert for Listo SBA, who specializes in 7(a) loans to finance Working Capital, Debt Refinance, Business Acquisitions, Building Acquisitions, Partner Buyouts and more.McDonald talks about the roots of his professional journey until now. He describes how important it is to him to see small businesses growing. He started his career path with a non-profit small business support organization. He then developed an affinity toward small business, and emphasized how a business idea can go from a dream to getting first dollar revenue, to growing the company, raising money, and exiting and bringing many dollars to the local community. McDonald also speaks about resources that can help underrepresented entrepreneurs and the best ways to hit goals as a company. Also, McDonald explains that his job is to let entrepreneurs think critically about what they are preparing, and to show numbers that are believable. Traction needs to be shown in the market in order to be investible, and this messaging does not get talked about a lot, which is why he has such an interest in it.McDonald’s niche is Latino entrepreneurs. The hustle mentality is strong within this culture, and there is a desire to sell, sell, sell in that community. At times, there can be a disconnect in terms of content and resources for entrepreneurs not being available in Spanish language and messaging, which could allow for more opportunity and understanding. That is exactly why Danny believes in the importance of material being available to those from diverse backgrounds.
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In this episode, host David Ponraj talks with Danny McDonald, SBA Expert for Listo SBA, who specializes in 7(a) loans to finance Working Capital, Debt Refinance, Business Acquisitions, Building Acquisitions, Partner Buyouts and more.McDonald talks about the roots of his professional journey until now. He describes how important it is to him to see small businesses growing. He started his career path with a non-profit small business support organization. He then developed an affinity toward small business, and emphasized how a business idea can go from a dream to getting first dollar revenue, to growing the company, raising money, and exiting and bringing many dollars to the local community. McDonald also speaks about resources that can help underrepresented entrepreneurs and the best ways to hit goals as a company. Also, McDonald explains that his job is to let entrepreneurs think critically about what they are preparing, and to show numbers that are believable. Traction needs to be shown in the market in order to be investible, and this messaging does not get talked about a lot, which is why he has such an interest in it.McDonald’s niche is Latino entrepreneurs. The hustle mentality is strong within this culture, and there is a desire to sell, sell, sell in that community. At times, there can be a disconnect in terms of content and resources for entrepreneurs not being available in Spanish language and messaging, which could allow for more opportunity and understanding. That is exactly why Danny believes in the importance of material being available to those from diverse backgrounds.
In this episode, host David Ponraj talks with Danny McDonald, SBA Expert for Listo SBA, who specializes in 7(a) loans to finance Working Capital, Debt Refinance, Business Acquisitions, Building Acquisitions, Partner Buyouts and more.McDonald talks about the roots of his professional journey until now. He describes how important it is to him to see small businesses growing. He started his career path with a non-profit small business support organization. He then developed an affinity toward small business, and emphasized how a business idea can go from a dream to getting first dollar revenue, to growing the company, raising money, and exiting and bringing many dollars to the local community. McDonald also speaks about resources that can help underrepresented entrepreneurs and the best ways to hit goals as a company. Also, McDonald explains that his job is to let entrepreneurs think critically about what they are preparing, and to show numbers that are believable. Traction needs to be shown in the market in order to be investible, and this messaging does not get talked about a lot, which is why he has such an interest in it.McDonald’s niche is Latino entrepreneurs. The hustle mentality is strong within this culture, and there is a desire to sell, sell, sell in that community. At times, there can be a disconnect in terms of content and resources for entrepreneurs not being available in Spanish language and messaging, which could allow for more opportunity and understanding. That is exactly why Danny believes in the importance of material being available to those from diverse backgrounds.