Small Biz Ahead
A Podcast By Small Business Owners, For Small Business Owners
4 years ago

Is it Better to Borrow Money Or Pay Down Debt First?

There is always an element of risk when it comes to borrowing money. While some small businesses might be able to turn a profit, thanks to the additional investment capital, there are others that will only accrue a crippling amount of debt from these s...

<img width="150" height="150" src="https://sba.thehartford.com/wp-content/uploads/2019/11/borrowing-vs-pay-off-debt-150x150.jpg" alt="Is it Better to Borrow Money Or Pay Down Debt First?" align="left" style="margin: 0 20px 20px 0;max-width:100%" />

There is always an element of risk when it comes to borrowing money. While some small businesses might be able to turn a profit, thanks to the additional investment capital, there are others that will only accrue a crippling amount of debt from these substantial loans. So, how do you decide whether your business is in a position to borrow money or if you are better off staying out of debt? In this episode, Gene Marks and Elizabeth Larkin help small business owners determine their best financing options by assessing their ultimate goals.

Continue reading Is it Better to Borrow Money Or Pay Down Debt First? at .