Debt Financing Most small businesses apply for debt finance at some point during the business lifecycle. It could be to get your business idea off the ground, to purchase equipment and assets for core
Business debt is not only bad news and does not mean your business is about to go bankrupt. But how? If you are able to reduce your company’s ‘bad debt’ one payment at a time, you’ll be able to...
If you find yourself in hot water with debt, it's important to know how to approach and manage the situation. Before paying the amount demanded you need to check your records and make sure you owe...
Can I comfortably handle additional debt? How do you know when you've reached the limit of your borrowing capacity?
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.