Our #PoisedforExit show today featured Tim Olson, Business Development professional at Honour Capital. Tim’s background in equipment sales uniquely positioned him as a great fit for the typical client at Honour Capital, a firm getting its start just after the pandemic hit, but whose growth has seen quite a trajectory!
Honour Capital’s motto is “purpose driven capital“. Part of the business model embodies a give-back philosophy. The company started that right out of the gate in partnering with some of its favorite local charities.
Honour Capital would be considered ‘middle’ financing for companies, in that they work alongside the business owner’s bank, and finance what the bank won’t or can’t do. They don’t take an equity position, just simply a private financing source for businesses who seek to grow, acquire, or recapitalize. Since they are not regulated by a bank, they can get more creative in the types of deals they do, and being industry agnostic makes them an option for just about any owner looking for business financing. All loans are tied to tangible assets like equipment, vehicles, buildings, etc. and have fixed rate, short term loan parameters.
Tim shared a couple of interesting client stories with us and some other great tips for owners looking for financing! Listen to the episode now.
Upcoming events and programs:
BTR program: https://keyestrategies.mykajabi.com/ks-landing-1
Owner’s Forum Registration: https://exit-planning-institute.org/events/event/epi-twin-cities-metro-area-october-2022-chapter-event/
For more tips, stories and advice listen to episode here
Poised for Exit Podcast Sponsors:
Sunbelt Business Advisors
Sunbelt Business Advisors is a proud sponsor of the Poised for Exit Podcast. The Poised for Exit podcast seeks to help entrepreneurs improve, grow – and successfully exit – their businesses.
Julie Keyes, a life-time entrepreneur and founder of KeyeStrategies, understands what keeps an owner up at night and the balancing act required to work both ‘in’ and ‘on’ the business. The firm’s mission is to help business owners increase enterprise value and prepare for a future exit.
Julie believes in providing outside perspective and mentoring, which made all the difference for her while spending years growing and improving her companies before selling and becoming a business adviser in 2011.