Staying On Top of the Money You Owe to Keep
Interest Charges and Fees to a Minimum
Starting or expanding a business takes funding — if you can’t come up with the money yourself, you’re going to need to borrow it from somewhere. It’s much better to get a business loan or use a credit card than it is to borrow from family or friends or run your entirecompanyon your overdraft.
When it comes to borrowing money to fund your business, you can use fixed-rate or variable loans, a business credit card, seek investment from others or use another method. We’ve covered using business credit cards here, so we’ll begin by discussing fixed-rate and variable business loans. We’ll explain what they do, give you tips for managing them properly and share advice on maximizing your cash flow to allow faster repayment.