Key Takeaways: Private Credit Offers Flexible LoansPrivate credit is a way to borrow money from lenders who aren’t regular banks like Chase or Wells Fargo. It often gives businesses more flexible options. Private Lenders Have Rules for BorrowersThese lenders usually set certain financial rules, called covenants, for businesses. For example, they may require businesses to keep a certain balance between debt and equity (ownership money) to make sure they’re financially stable. Higher Rates But Good HabitsPrivate credit often has higher interest rates than regular bank loans, but it encourages businesses to manage their money carefully. This can help them grow in a healthy way. Importance of a Good Financial TeamHaving a skilled finance team and a clear strategy helps businesses keep strong relationships with their private lenders, making it easier to work together. Interest on Private Loans is Tax-DeductibleJust like regular loans from a bank, the interest a business pays on private loans can often be deducted from taxes if the loan is used for business purposes.   Chapters: Timestamp Summary 0:00 Exploring Private Credit as a Business Financing Solution 0:50 Understanding Private Credit and Its Flexible Lending Terms 2:52 Disciplined Investors and Financial Accountability 3:14 The Cyclical Nature of Private Credit and Business Growth 5:44 Understanding Business Credit and Financial Responsibility 8:05 Discussing Baseball and Financial Advisory Insights   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.