BHG Financial Panel Discusses the Critical Role of Financing in Small Business Growth

Video via BHG Financial

DAVIE, Fla., November 3, 2023 (VSNewsNetwork.com) - BHG Financial, financial solutions company that has extended its lending services to over 150,000 professionals since its inception in 2001, conducted a panel discussion titled “Seizing Success in Business: Identifying Opportunities and Selecting the Right Financial Partner.” The panel brought together a diverse group of business owners and lending industry experts to examine the significant role that financing plays in the success of small businesses.

Photo Credit: BHG Financial

The discussion was led by BHG Financial's COO, Tyler Crawford, and included contributions from Danielle Walker, Senior VP Revenue Operation, and Zachariah Raus, President of the Lending Division. They were joined by a trio of business owners: Jackie Ferrari, CEO of American Fashion Network; Dr. Glenn Charles, owner of Charles Medical Group; and Keandra Simmons, owner of The Firm Financial and a Major in a local Florida police department.

The relevance of the panel’s topic is underscored by a recent U.S. Chamber of Commerce report that found 76% of small businesses express concern over access to capital. The business owner panelists discussed their individual experiences with finding suitable financial partnerships, while BHG’s experts shed light on the broader macroeconomic climate and industry trends. They collectively recognized that financing strategies need to be customized to the business's specific needs.

The entrepreneurs shared their varied needs for financing, ranging from managing unexpected expenditures to consolidating debt or branching into new markets. The panelists emphasized three key elements they sought in a financing partnership: the speed of funding, ease of the funding process, and quality customer service.

One poignant testimonial came from Simmons, who discussed the impact of capital on her business. "I was investing my own funds and bootstrapping, but it was slowing my progress," Simmons said. "Once I obtained additional capital, it was tremendous. It helped me expand my marketing, helped me get additional supplies and the additional certifications I needed. Ultimately, it made it more comfortable for me as a business owner to continue to grow in a more organic way."

Following the success of this panel, BHG Financial plans to host further informational events to guide prospective borrowers through the complexities of securing financing.

For more information on BHG Financial's services and future panels, visit www.bhgfinancial.com.

Source: BHG Financial