We took out a loan so we can establish credit. When we started our business...and then years after we would purchase equipment with money we had. Basically, we never had debt. However, as our business grew (the landscaping side) we needed to have a larger purchasing power for our jobs. Our credit card wouldn't provide us with the increase we needed. Reason, we don't have an established credit history. LOL, in other words its not bad, we just haven't proven to them that we can make payments on a loan. So, when we purchased our 3rd mower we took out a loan. I'm making the payments on it. I'll pay it off nexty spring after a year into the 3 year loan. That way, I can establish credit.