How to Consolidate and Pay Off Small Business Debt

business debt consolidation

Owning a business often comes with many ebbs and flows. Sometimes your cash flow hits a snag or unexpected expenses come up suddenly. These situations can leave you strapped for cash, which can make paying your bills difficult.

Should You Use Savings to Pay Off Debt?

use savings to pay off debt

Having a healthy savings account is always a good idea. It helps financially protect you from the unexpected and can help you reach financial goals. But if you’re also sitting on some debt, you may consider using your savings to pay it off.