How to Wisely Utilize Debt for Business Expansion
The Startup Magazine
MARCH 8, 2024
Debt is often viewed with caution in business, but it can be a powerful tool for fueling growth and expansion. By strategically leveraging debt, businesses can access the capital needed to invest in new opportunities, expand operations, and increase profitability. While debt can provide necessary funds for expansion, it also comes with risks. Poorly managed debt can lead to financial strain, decreased creditworthiness, and even bankruptcy.
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