Let’s Talk Tariffs

Hosted by Shane Pierson, this episode of Lords of Lending dives into the real impact of the recent Trump tariffs on small businesses. While big corporations can absorb the costs, mom-and-pop shops are left scrambling as prices on essential goods skyrocket overnight. Shane breaks down exactly what these tariffs mean for small business owners, from supply chain disruptions to rising material costs, and shares practical strategies to stay ahead. From securing better financing to adjusting pricing and cutting unnecessary expenses, this episode is all about helping small businesses adapt, pivot, and thrive in uncertain economic times.

Shane Pierson explores the impact of Trump tariffs on small businesses, from rising costs to supply chain issues, and shares key strategies to adapt, cut expenses, and stay competitive in uncertain times.

Timestamps:

00:00 - Intro & Episode Overview 02:36 - What Are the Trump Tariffs and Why Do They Matter? 04:00 - How Tariffs Impact Small Businesses 05:50 - Supply Chain Disruptions & Rising Costs 09:20 - Strategies to Mitigate the Impact of Tariffs 14:08 - Loan Approval Risks & Financial Challenges 17:26 - Alternative Financing & SBA Loan Options 20:55 - Final Takeaways & Next Steps for Business Owners