The Difference Between Good Debt and Bad Debt for Business Owners
Not all debt is created equal. Some debt builds assets, generates income, and positions your business for growth. NerdWallet’s breakdown of good vs bad business debt provides useful benchmarks for evaluating whether a specific financing decision adds or subtracts value. Other debt drains cash flow, funds depreciating purchases, and leaves you worse off financially than […]
How to Get Out of a Personal Guarantee on a Business Loan
When you sign a personal guarantee on a business loan, your lender is not just betting on your company. They are betting on you. The SBA explains the role of personal guarantees in small business lending and what they mean for your personal assets if your business defaults. If your business defaults, they can come […]