George Souri is the Founder and CEO of LQD Business Finance, a startup providing quick, convenient, and affordable financing to small and medium-sized businesses that are traditionally underbanked. LQD is leveraging data to offer business loans in the $250,000 to $3 million range to help businesses scale faster.
George is a serial entrepreneur, self-taught mathematician, and musician. He got his entrepreneurial start with a string of dance clubs at 18 years old before founding his own investment bank.
In This Episode You Will Learn:
- What is alternative business lending
- Why you should try to disprove your idea
- How George got his start in entrepreneurship
- The importance of viewing failure as opportunity
- The power of small efficient actions
- Why banks turn down good companies
- How LQD made its first loans
- The differences between consumer and business lending
- The value of doing an autopsy on a business
- The biggest red flags LQD sees when examining a business
- Why you should be trying to find people that make you feel dumb
This post originally appeared on Tech In Chicago. Visit Tech In Chicago to listen to more interviews with Chicago’s top startup founders and venture capitalists.
