How Much Debt Can Your Business Take On?
During an economic downturn when business is slow, a cashflow boost in the form of debt might be necessary to maintain the smooth running of your business. While there are plenty of lending options to consider including government-backed funding schemes, you shouldn’t borrow what you can’t pay back.
So the question is: How much debt is too much?
This timely Forbes article teaches how to calculate three important metrics that will keep you honest about how much debt you can take on.
However, if you need personalised advice based on your unique business situation or some help with loan applications, drop us a message at info@seeton.com.au or call us on 08 94745155.