Small Business Borrowing and Things You Should Consider
Should I expand? Can I afford more rent at a new location? Can my business support more staff?
As small business owners, we have asked ourselves the same questions and also helped many companies work through the decision-making process to determine the right time to borrow and how much to borrow to buy equipment, real estate, technology or invest in human resources.
Smart business borrowing at the right time can ignite your business to take it to the next level. Unfortunately, we’ve also seen entrepreneurs make some common mistakes that can jeopardize their company’s future and destroy it.
If you have been considering borrowing, these tips can help you decide if the time is right for you and whether you are have everything ready to meet with a lender. Read more