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Empower Hour: Leveraging Your Business to Purchase Homes and Vehicles
Date and Time
Thursday Feb 27, 2025
5:30 PM - 7:00 PM EST
5:30 PM Doors Open / Networking/Refreshments
6:00 PM Introduction / Session Begins
7:00 PM Q&A / End of Session
Location
325 Brown Street RM 103, Petersburg, Virginia 23803
Website
Description
Join us for the next Empower Hour, where we’ll dive into how to utilize your business to purchase homes and vehicles strategically and responsibly. This workshop is tailored for small business owners seeking to understand the steps, best practices, and key considerations for making significant purchases under their business name.
What You’ll Learn:
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Best Practices for Major Purchases:
- Why you should aim to afford the asset 3x over before buying.
- Strategies to ensure your business can sustain these investments without compromising cash flow.
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Key Steps in the Process:
- How to prepare your business financially and legally for such purchases.
- The documentation and qualifications required by car companies like Chevy and Ford and housing agencies like eXp Realty.
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Understanding What Lenders Look For:
- Building business credit and maintaining financial stability.
- What dealerships and real estate agencies prioritize when working with businesses.
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Rule of Thumb for Smart Investments:
- Evaluate whether the asset will enhance or burden your business operations.
- Tips on managing debt responsibly to maximize your ROI.
This interactive session will provide the tools and insights you need to confidently navigate the process of purchasing homes and vehicles for your business.
Why Attend?
Gain actionable knowledge, network with fellow business owners, and hear from experts who can guide you in making sound financial decisions for your business.
RSVP Today: www.TheMBL.org under the Programs tab.
This event is free for members and non-members. Light refreshments will be provided.
We look forward to seeing you there!
The MBL's monthly Empower Hour Meetings are held at the City Point Innovation Center in Petersburg, and are designed to initiate membership dialogue around issues of mutual concern and to provide opportunities for networking. Business leaders and decision makers are encouraged to attend the meetings to discuss specific business opportunities, potential partnerships, and relatable business topics. The corporate sponsors and partners are also given the opportunity to make presentations that share their corporate message of inclusion and economic development to those in attendance.Images
