My company is debt free. I am a Dave Ramsey nut myself, so that is why. I know of a lot of good companies that run debt free and are extremely sucessful, so I know that it can be done. Now with that being said, I don't disdain the use of credit, especially in the business world. The problem is that 90% or more of people don't know how to use credit properly and end up in trouble. I hope that I can stay debt free in the future, but I do also realize that equipment for this kind of business is really expensive.