David C. Barnett is a business valuation and acquisition specialist whose primary focus is on small businesses and local investing. He is also the author of three best-selling business books, one of which will be the basis of today’s discussion. We talk about local investing, why small businesses struggle with financing, and the future of local investing.[[[[[[[[[[[[Why Small Business Struggle to get financingOver 95% of all businesses in the country are small businesses, yet banks and financial institutions are often unwilling to finance them. Why is this the case? Most small businesses are owner-dependent, which means if something were to happen to the owner, the business would practically crumble. The other thing is that small businesses are often built upon traditional business models that don’t cushion them during tough times.Local Investment OpportunitiesWith small businesses struggling to secure loans, investors can take advantage of this financial gap by financing these businesses at an interest. Mind you, we’re not talking about loaning people with poor credit or exposing yourself to high-risk situations. We’re only after great deals that have higher growth potential and low risks. These businesses can include specialists who need expensive equipment to perfect their crafts. Nonetheless, you need to create a win-win situation where the borrower saves money on interests and gets quality equipment while guaranteeing your security. The more successful a borrower is, the lower your risks and the more transactions you can pull off togetherLinks and ResourcesDavid’s YouTube ChannelDavid’s WebsiteDavid’s Book: Invest LocalDavid’s LinkedInConnect With Sean:Facebook: https://www.facebook.com/profile.php?id=100060279543976LinkedIn: https://www.linkedin.com/in/leveraged-life/Instagram: https://www.instagram.com/sean_adams103/Youtube: https://www.youtube.com/channel/UC0i91Q-fFy70LkaFxvfnGpgFor more videos and resources, visit leveraged-life.com. Do you have questions and feedback? Get in touch with Sean Adams through his email: [email protected].All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app--- Send in a voice message: https://anchor.fm/wealthsecretspodcast/messageSupport this podcast: https://anchor.fm/wealthsecretspodcast/support