Very few business owners have the means to operate without borrowing at start up, or later on when it’s time to invest in growth.
Borrowing, however, is only a temporary solution to a lack of funds. Without a repayment plan debt can grow into an unmanageable problem that costs much more than the initial loan.
These strategies will help you re-pay your debt faster, so you can invest the cash you’ve been spending on interest back into your business.