Kak
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What exactly are you planning to use the credit for?
There are times where debt makes sense and there are times when it definitely doesn’t.
Rolling the dice on untested inventory using debt is a bad idea. Financing a large inventory purchase that is already wholly or partially spoken for by a wholesale deal is a good idea.
Smoothing out cash flows is a good idea.
Equipment for your business that costs a lot but will turn a direct profit is a good use.
Debt is generally for sure things. You owe it whether it works as you planned or not.
Also, I am NEVER a fan of financing anything business related with personal recourse. I’ll pay a higher interest rate if I have to.
There are times where debt makes sense and there are times when it definitely doesn’t.
Rolling the dice on untested inventory using debt is a bad idea. Financing a large inventory purchase that is already wholly or partially spoken for by a wholesale deal is a good idea.
Smoothing out cash flows is a good idea.
Equipment for your business that costs a lot but will turn a direct profit is a good use.
Debt is generally for sure things. You owe it whether it works as you planned or not.
Also, I am NEVER a fan of financing anything business related with personal recourse. I’ll pay a higher interest rate if I have to.
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