We’ve all heard the horror stories: A small-business owner needs cash fast, so they take out a short-term loan. But soon, they’re stuck in an endless cycle of greedy lenders and crushing debt, and there’s no escape.
Sadly, this does happen — and it happens way too often. People accept what seem like agreeable terms without realizing how their business’s cash flow or credit will be affected. That quick-fix payday loan can easily turn into a constant and unsustainable burden before you know it.
