11 Jun 2021

Despite the negative connotations linked to it, debt can actually be a useful financial tool for small businesses. Businesses can use debt to hire new employees, buy necessary equipment, and even finance expansion plans. According to a survey on Small Biz Genius, at least 70% of small businesses have outstanding liabilities. However, if you fail to properly manage your debt, you run the risk of accumulating exorbitant interest fees and endangering your business.

business debt