Manage financing and debt

Choose financing according to how much money you need, what it will fund, and how the business expects to support it. Compare the full costs and conditions, including interest, fees, repayment schedules, assets pledged as security, and any obligation to repay personally.

Borrowing creates repayment commitments; selling an ownership stake gives investors a share of the business and may influence control. Choose repayment schedules that fit when the business expects to generate the necessary cash.

Assess whether you can repay the amount borrowed, pay interest, and meet other obligations during weaker periods. Track repayment and renewal dates, and arrange future funding early enough to evaluate your options carefully.