Thread: Loans?
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Old 10-24-2012, 06:15 PM
larryinalabama larryinalabama is offline
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Join Date: Jan 2008
Location: Ragland Al
Posts: 15,064
Originally Posted by grandview (2006) View Post
So in a nutshell,people who pay cash their business will survive and people who use credit will not?
In a nutshell ownership of property is by far better thaen being a debtor. Will a debt free feller survive, if his hearts in the business most likely. Will someone with a 250$ ZTR payment survive, most likley if his heart in the business. Will some with a financed 50000$ truck to pull his 30000$ financed equiptment fail, most of the time.

Will a debt free business failure ruin your life, NO

Will a financed business ruin your life, not entirely but the next 15 years will be rough.
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