Unless your business has a massive balance sheet, you will need financing at some point. For small businesses, you might have to choose between different financing options, keeping in mind that each of these options has its own advantages and disadvantages. Today, we are going to look at debt financing and equity financing as ways of getting your business off the ground.
A lot of people use debt financing, but they do not know it by this name. Debt financing is where you get a loan as a debt. A good example is an automobile loan.…Continue reading