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Speaker 1: Eighty percent of businesses fail within the first five years.

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One of the main reasons because of lack of capital

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and lack of funding. So I'm here a bet it's

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on enterprises. We like to teach and help small, medium,

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large businesses, startups get the funding that they need so

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that they can thrive and survive.

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Speaker 2: You're listening to Carrie Lutz's Financial Survival Network, where you

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get valuable information you just can't find anywhere else to

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thrive in today's trying times. You need the Financial Survival

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Network now more than ever. Go to Financial Survivalnetwork dot

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com and get your free newsletter and gift. Financial Survival

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Network now.

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Speaker 3: More than ever, and welcome you are listening to and

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watching the Financial Survival Network. I'm your host, Kerry Lutz. Well,

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if you're looking to fund your business, if you're looking

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to start a business and get it funded, then you're

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going to want to hear from my next guest, Herman

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Dulce Junior. Hermann, It's great to have you on the show.

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So in this day and age, all we hear about

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is funding. You know, campaign promises all that, but in

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the end, funding your business is really up to you,

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isn't it.

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Speaker 1: Absolutely absolutely, Cary, thank you so much for having me

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on the show. First of all, I really appreciate it.

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But yeah, I'm eighty percent of businesses fail within the

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curse five years. One of the main reasons because a

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lack of capital and lack of funding. So here, I

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bet it's on enterprises. We like to teach and help small, medium,

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large businesses, startups get the funding that they need so

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that they can thrive and survive. All right, So how'd

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you wind up getting into this kind of niche field here?

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So short story made long. My wife and I have

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been married eleven wonderful years. My wife Janelle, we actually

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took a baby moon, and that's a trip that you

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take before your first kid comes, right, so had Italy

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and I had to take time off of work to

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do that, to take a full two weeks. When I

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got back, I was telling my brother how disappointed I

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was because I wasn't able to spend time with my

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wife afterwards, and he told me, unless you own your

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own you'll never be free, So start start something. And

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I was like, what am I going to start? And

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he is like that credit you do. Stop doing it

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for free. He's like, they're going to pay somebody, they

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might as well pay you. So I got a couple

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of my friends and my family. I fixed their credit

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for free, posted that on Idia, got my first clients,

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went on YouTube University to hold my craft just a

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little bit more, and fell into the business funding space.

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I learned a lot about it, brought that back to

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the clients who already got their credit fits. And then

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when you start teaching people how to get twenty thirty thousand,

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forty fifty thousand in their business name and it doesn't

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report to the personal well, then it does kind of

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crazy from there, all right.

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Speaker 3: So when you say funding is this debt? Equity has

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this work.

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Speaker 1: So this is debt. So just like you can get

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credit cards in your personal name, because you know in

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America nobody really teaches you financial literacy that it can

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be bully debt can be get double ed shortz. Debt

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was created. Credit was created to leverage to buy assets

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or things that make you money. That's its purpose. That's

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how Instagram started to Facebook, Google. These big companies, you

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leverage debt to do that. So we teach you how

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to get the debt in the business name, and then

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they can invest in their real estate deals, their startup company,

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teacher company, tech company, whatever it is. We got a

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lot of people from different walks that come to us

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and they have a great idea, but they just don't

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have the capital to do it. And we love helping

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people get that startup capital. Instead of using that ten

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grand to spend on Black Friday with consumeris on, we

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teach them how to use that same money and invest it.

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Speaker 3: So that's kind of the Robert Kiyosaki Good debt, bad debt,

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I said, it is something that helps you buy something

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you really can't afford. Good debt is debt that helps

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you buy assets that generate cash flow. And exactly right

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on the nose, all right, So tell us some of

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your success stories.

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Speaker 1: Love to hear oh wow. So we've been doing it

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for eight years and our company, Bellosone Enterprises has proudly

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we have probably funded over one hundred million dollars to

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our clients. So we've done really well over the past

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ten years. And through our financial literacy company, Bellowstone Academy,

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because people are like, oh, can you teach me what

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you do? We have helped over one hundred people with

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their full time jobs started the businesses and we have

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created seven millionaires in the past ten years, so the

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resume is really good by people who have taken this information,

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this education, and have executed on it and the rest

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is up to them. They've been doing really well.

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Speaker 3: That's a great record there to interest rates, so your

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client's paying.

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Speaker 1: For the death. So the benefit of what I teach

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is the business credit cards that they're getting, whether it's Chased,

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American Express or smaller credit unions that are in your

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area of Philadelphia, Federal Credit Union. These interests on these

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credit cards, we like to teach get cheap money right,

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So these are zero percent interest for up to a year,

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so it's a great startup appital that is minimal risk,

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minimal interest on them.

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Speaker 3: Now.

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Speaker 1: Of course, when a zero percent runs out, it jumps

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up to eighteen ninety twenty percent depending on your credit score.

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But by that time two options. The first option is

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your business is thriving and you should have paid that

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money back for the twelve months. And the second option

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we teach them how to get even more business credit

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cards so that they can transfer to a balanced transfer

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to another zero percent interest credit cards. So you're buying

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yourself a little bit more time.

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Speaker 3: Okay, well buy that. And so business credit cards are

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they different than getting consumer credit cards?

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Speaker 1: They're much different. They operate the same same site, same

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zero percent interest, but you get the same rewards, same

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cash back. But the main reason why I pushed this

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and I teach this is for two main reasons. Number one,

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the credit limits are a lot higher on the business side,

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So like I have a Best Buy personal and the

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Best Buy a business credit card. My best Buy personal

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credit card is about eight thousand. My business credit card

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it's about forty thousand. Because lenders understand that businesses need

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more capital, so the limits are a lot higher to

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start with on the business side. And the second most

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important part is that the debt does not show up

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on your personal credit repork. That's the real beauty of it.

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So you know, I did a real estate deal with

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a line of credit that I had, and it was

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on the business side. We maxed it out the fifty

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thousand dollars to put a down payment and purchase a

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property right got hard money lending to do the rest

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of it. But that fifty thousand didn't show up on

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my credit work. So my eight hundred credit work credit

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score was intact and I was able to still do

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what I needed to do without it personally affecting my credit.

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Speaker 3: But we definitely like to hear stories like yours. I mean,

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what's the downside of business credit?

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Speaker 1: Then? Do you pay any higher rates.

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Speaker 3: When you actually have to start paying or you look

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to refinance At that point you've gotten enough enough credit there,

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I guess that you've been able to get on your foot,

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like you said, and start to having a business that.

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Speaker 1: The cash he makes some money. Yeah, that actually makes money,

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so absolutely well. I've been doing this for over ten years,

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so it's not just getting the credit, is having a

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business plan, a marketing plan, and the team around you

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to help you turn that debt into cash flow. So

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whatever debt we get, we turn it around pretty quickly.

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But I like to stress this, and I think you're

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alluding to it being responsible with the debt that you get,

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because just how consumer debt could eat you alive, business

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credit could eat you alive too, because if you don't pay,

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the debt charges off, goes into collection. They then put

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it on your personal credit profile at that point. So

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anything you want to be responsible with the money, have

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a plan with it, and execute on it efficiently.

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Speaker 3: So there's a reason that debt is a four letter word. Right,

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very good, carry, absolutely and absolutely because you know the

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problem with debt as opposed to equity is that's got

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to be paid back. And you know, if you've got

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a decent credits scor, you can do it. But how

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do you switch all your consumer debt to business debt?

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Is there a way to do that? You could actually

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do that. A lot of my mentees have gotten pretty

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savvy with it. So say, for instance, there are a

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couple of thousand in debt on the personal side. If

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you're eligible, and the debt on.

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Speaker 1: The personal side, it's not too crazy, you will get

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funded on the business side. So what they do is,

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just like any credit card with zero percent interest, they

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balance transfer the debt from the personal to the business side.

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So now their credit uniices decreases even more significantly, their

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credit scores go up, and now you've actually helped yourself.

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But as the debt is a lot cheaper, you're not

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paying that twenty percent that was on the personal side.

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It's on a zero percent interest credit card. Interesting.

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Speaker 3: Interesting, All right, Well, I know you people out there

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are going to want to talk to herman. Herman, how

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do we find you?

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Speaker 1: How do we connect with you on the web. But

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we would love to be a service to anybody that's

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looking for financial literacy at blocent On Academy, or they

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need to get their credit together, or they need funding

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for their businesses. They could reach out to me at

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info at bella Sloan Enterprises dot com. That is bella

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b E l l A Sloan s l o A

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N Enterprises E N t E R p R I

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s E s infoelos on enterprise dot com. Or you

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can follow me on all social media TikTok, Instagram and

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Twitter at Hatian Underscore CEO that is h A I

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T I a N Underscore Ceo, where we teach these

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things every single morning apples at six am, information that

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people could use for free to go at execute and

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start themselves on a better lice. All right, well, herman,

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it's been a pleasure. We really do appreciate your coming

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on here because this is, like you said, financial literacy

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or financial illiteracy is by far the most distruptive kind

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of illiteracy that we have, right and I bet so

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anything you can do to help people really understand, to

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help you understand better is really important. So and that's

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and you'll find a link to herman site in the

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show notes to this interview on Financial Survival Network dot com.

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And while you're there, please sign up for your free newsletter.

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And if you got a question for Herman or myself

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that we can help you with, please send me an

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email to kl at Carrie Lets dot com.

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Speaker 3: Hermit Sure, we'll have you on again. Thanks for stopping by.

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We'll talk to you soon.

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Speaker 2: Absolutely, Thank you so much, Carrie, thanks for listening to

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Carrie Lets. This Financial survival Network your solution to today's

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trying times. For the latest, go to Financial Survivalnetwork dot com.

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Financial Survival Network now more than ever,