Lenders are interested in your business's earning potential and scalability, not just your personal savings.

This means that if used correctly, business debt can become a powerful weapon to launch your business faster, hire a team, and cover expenses while your cash flow catches up.

• Remember, 20% of businesses fail in the first year, so there is still a risk factor involved.
• Be mindful of personal guarantees - if your business fails, the debt will follow you.
• If used wisely, business debt can be a ladder to success, but it can also break you if not managed properly.