Managing Your Small Business Debt
by Angie Mohr on January 14th, 2008
Debt. It’s the word many small business owners hate to hear. It’s a reality for most businesses to incur debt to finance operations, at least in the start up years. Although many small businesses are denied credit in the first few years, others have bankers and credit card companies begging for their business, especially those companies whose owners have substantial personal assets to attach. I hear the following from small business owners every day: "It doesn’t matter. I get to write it off." "You can’t operate in this industry without a big line of credit." "I need a corporate credit... Read more »