6 Costly Mistakes to Avoid for your Small Business When Considering Finance

The most fundamental principle of business financing is to match the term of your loan with the type of need.
Using a short-term finance option like a business credit card or overdraft to cover a bigger debt can leave you paying hefty fees and compound interest for years, while you struggle to repay it. You also run the risk of defaulting on your loan, resulting in the facility being withdrawn, sending you scrambling for alternative finance.

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