debt Pros


n Retain 100 per cent of business and full control


n Simpler application process than with a bank: if rejected, rejected quickly


n Choose how much to raise


n Traditional form of financing, which everyone understands


Introducing... Debt finance


Cons n Interest payments can be costly


n There’s a risk of bankruptcy if you can’t keep up repayments


n Borrowing can require personal guarantees – your house or other assets could be at risk


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