Debt is a necessary part of running a small business. A business loan, line of credit or a business credit card can help your company hire new employees, purchase equipment and finance growth. But too much debt can stifle cash flow and put your business at risk. And the less you owe, the more you have to reinvest.
The average U.S. small-business owner has $195,000 of debt, according to a 2016 study by Experian.
Small Business Debt Management Tips
Here are five steps to digging your business out of debt.
