Leveraging Credit to Build a Healthy and Thriving Business in 3 Steps

Popular media would have entrepreneurs believe that money is the solution to all of their business problems. Although 84 percent of business failures can be attributed to being undercapitalized and suffering from inadequate cash flow, money isn’t always the answer. With that said, capital is an incredibly valuable tool, that if used correctly, can fuel growth and help build a healthy and thriving business.

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Credit is critical

Many businesses, both large and small, rely on borrowed capital to fund new business initiatives, pay for expansion, and maintain business operations, though some are much more successful acquiring financing than others.

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