Money Advice: Katrina helps women business owners secure funding in 100 days or less, with same-day approval.
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Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Katrina Fitten.
Purpose of the Interview
The interview aims to educate entrepreneurs—especially women business owners—on how to secure funding responsibly, avoid scams, and develop a strategic financial plan. It also highlights Katrina Fitten’s expertise as CEO/CFO of New Day for You Financial and her mission to help startups and small businesses access capital.
Key Takeaways
-
Funding Opportunities & Qualifications
- Katrina helps women business owners secure up to $100,000 in 100 days or less, with same-day approval and next-day funding.
- Basic qualifications include:
- Credit score of 680+
- Existing credit lines (at least $10,000)
- A clear business mission and low-risk profile.
-
Avoiding Scams
- Beware of unsolicited emails/texts promising easy money.
- Do your homework:
- Check companies on Better Business Bureau (BBB).
- Look for testimonials and partnerships with reputable banks (e.g., Chase, American Express).
- Never share sensitive information without verifying legitimacy.
-
Importance of a Business Plan
- Funding is not free money—you need a strategic plan.
- Katrina calls it a “money mission”: know exactly how funds will be deployed.
- Without a plan, money disappears quickly, leading to debt and bad credit.
-
Family & Friends Lending
- Treat personal loans like business loans:
- Have written agreements with terms, repayment schedule, and penalt
- Treat personal loans like business loans:
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