45: When to get a small business loan: The right time and the wrong one
When is the right time to bring on a business loan?
And when should you NEVER bring on a business loan?
Today Dr. Monikah and Amy are discussing the do's and don'ts of small business loans.\xa0
- You need money to scale
- Don't think money will fix a problem
- Start building your business credit
- Invest in something that is already proven
- Affording your payments
- Return on investment
- Get good terms for the loan
If you're thinking about a business loan, make sure you download this episode.