AmiSight 10/22: The Real Cost of Financing
3 hours ago
1 min read
Two business owners. Two financing decisions. One shared mistake.
A contractor would rather close his business than take an expensive short-term loan. A successful company chose cheap bank money to fund a new venture, and now that venture is straining the whole business.
In both cases, the cost of money drove the decision. Not the bigger picture.
Sometimes the most expensive money is the right choice. And sometimes the cheapest money becomes the most expensive decision.
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