Don't Gamble Your Home
With rapidly rising costs of living, and fewer acquired assets than ever before, having access to cash for equipment and start-up costs is more difficult than ever. This has resulted in an influx of small business owners struggling to turn their innovations and growth into reality.
One temptation to bridge the capital cost is to take a loan. Sounds relatively harmless, right? Well - it depends what type.
Borrowing against your home equity is not an uncommon method for small businesses. But it is a gamble - one that puts your home on the line.
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