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What To Consider Before Applying For a Loan
Cengage
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By Nivine Richie

 

Growing your business requires capital, and entrepreneurs have several choices to finance their businesses. They can use their savings, they can sell assets, and they can borrow money from investors or from a bank.

 

The infographic below identifies a few things an entrepreneur should consider before taking on bank debt.

 

What To Consider Before Applying For a Loan.jpg

 

Source: Oaknorth.com via invographicsarchive.com

 

For discussion:

What are the advantages of debt financing for a small business? What are the disadvantages of debt financing for a small business?