Many small business owners have faced tough times. In the past, entrepreneurs might have turned to small business loans to help them hang on until business improved. But when small business loans are difficult to come by, many owners consider using their personal funds.
It’s tempting to raid your retirement account or take out a home equity line of credit on your house to stave off a cash-flow crisis that threatens to sink your business. But before you do, consider the pros and cons, including longer-term financial consequences.
To read the full, original article click on this link: Financing & Credit from AllBusiness.com target="_blank" href="http://www.allbusiness.com/banking-finance/banking-lending-credit-services-mortgage/15582603-1.html">When to Use Personal Funds to Finance Your Business | Finance > Financing & Credit from AllBusiness.com
Author: Emily Esterson
