Vijaya Mari

How can I tell if my company has reached the limit of its borrowing capacity? Can I comfortably handle additional debt?

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1 Answer

Deborah Vella

If you're uncertain, it is important to have your accountant look over the numbers. Given fluctuations in the economy and revenue for small business, it would be wise to include a buffer to ride out any difficult trading periods.

Keep in mind also that it is illegal to knowingly trade while insolvent.

Melissa Profeta

Melissa Profeta, Community Manager at SavvySME

What qualities should business owners look for in an accountant?... read more
What qualities should business owners look for in an accountant?
Deborah Vella

Deborah Vella, Owner at Support Legal

As with any professional, I'd go with someone that you feel understands your business and what you are trying to achieve.... read more
As with any professional, I'd go with someone that you feel understands your business and what you are trying to achieve.
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