MEET THE SPEAKER: MIKE PERIU


EducationHomePageBanner.noclickhere

CHA’s NEW eCourses are a series of one-hour sessions where you will have the option of learning live, or at your own pace through recorded sessions. They are an easy and efficient way to expand your business knowledge throughout the year!

Our first eCourse, The 5 Step Path to Getting Your Business Loan Funded, will be taught by small business expert Mike Periu.

mike-periu-experto-financieroMike has degrees in Finance and International Business from Georgetown University and is a seasoned executive with over 15 years of experience in small business finance. He is the founder of Proximo, LLC., a leading provider of small business financial education and training services. Mike is also a leading national voice for individual empowerment through financial education and entrepreneurship, having been interviewed over 500 times by national and international media. His appearences include NBC, Univision, CNN en español, Telemundo, HITN, TVE, RTE, SBS, MegaTV and others. Mike also publishes a small business finance blog available here.

Tell us a little about yourself.
I’m originally from New Jersey, but live in sunny Miami now. I have been a business owner for over 15 years and also invest in and advise other small businesses across the country. I studied finance and started my career in the corporate world, but quickly realized that it wasn’t for me. I wanted to use my talents to help families, entrepreneurs and small business owners make better financial decisions. That’s what I’ve been doing for years and that’s what I plan to do for a very long time.

What are the top five takeaways that students will learn by taking your class?
1. Attractive alternatives exist for borrowing money designed for small businesses.
2. How to select the right lender for your particular circumstances.
3. How to prepare your loan request.
4. How to negotiate to get the best terms possible.
5. How to calculate how much money you’ll really need.

What’s the biggest challenge owners face when applying for a small business loan?
The biggest challenge is being small! Traditional lenders are not interested in lending money to small businesses at a low interest rate. They are in the “wholesale money” business; they like to loan millions of dollars at a time. When they have to sell “retail money” – anything under one million dollars – they either decline or charge very high interest rates. My course will teach small business owners how to deal with wholesalers and how to tap new alternative options that are specifically designed for them.

Each week you’ll be covering a different step on how businesses can borrow money effectively. How is this style of learning effective?
Most craft and hobby business owners are busy working on the day-to-day responsibilities of their stores. They usually don’t have much free time, so it isn’t realistic for someone to take two days to attend an intensive training seminar. A couple of hours of lessons and assignments each week is a realistic commitment. Also, by spreading it out over time, students will have the opportunity to absorb all of the information that I’m going to share.

You mention the tide is turning and that money is now available. What do you attribute that to and how can retailers cash-in?
It’s only recently that new technology has allowed the creation of alternative small business lenders that offer reasonable interest rates. In the past, the only options were traditional loan products or very high-interest merchant loans. Today, small business owners are empowered through greater choice. They can cash-in by literally cashing-in! Now, more than ever, is the perfect time to raise money for a business. Interest rates will start going up soon, which will make financing more expensive. The sooner one can lock in a loan, the better the chances that it will be at a lower interest rate.


The 5 Step Path to Getting Your Business Loan Funded begins April 14, 2015 and runs through May 12, 2015.

During this five week eCourse, Mike will take you step-by-step through the following:

Week 1: Figuring Out Your Financial Need vs. How Much You Should Ask For
Week 2: Gathering Your Paperwork
Week 3: Finding the Right Lender
Week 4: Reviewing Your Loan Options
Week 5: Negotiate and Close Like a Pro

This course consists of a one-hour lecture and 30 minutes of discussion. Participants who successfully complete the course will be given access to a complimentary application review.

Register Today!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s