Mark Ferguson gave lesser known tidbits about the SBA that real estate professionals and small businesses should take advantage of, including the SBA Cap Loan Program, which offers $5 million line of credit at a 75 percent guarantee for flipping house opportunities with a five-year commitment. The United States spends about $550 billion a year for goods and services, and 4 percent of that is set aside for women-owned businesses. Throughout his career, the greatest lesson Ferguson learned has been the value of relationships and connections. “If you relate to people, they will value you,” he states. A good team needs to be accountable for each other to deliver quality services that help others. Respecting others is how you gain and maintain relationships, which is why he suggests that industry professionals do not chase money or people. On a similar note, Almazan recommends that businesses become comfortable with “letting customers under the hood of [their] business” by being transparent about their operations, as well as leveraging partnerships and technologies in a way that helps rather than hurts them. Watch the Full Video: bit.ly/KnowingYourPartners
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