Are You A Non-Borrower?

Interestingly, a study by the Small Business Administration released in June, says that from 20% to 25% of small businesses in the U.S. are “non-borrowers.” That is, they do not use any credit. These firms have received virtually no attention from academic researchers, according to the study by Rebel Cole titled, “Bank Credit, Trade Credit or No Credit: Evidence From The Surveys of Small Business Finances.”

Thought: Maybe leveraging your small business into a big hole of debt isn’t the best solution, even if that’s what many of the ‘experts’ suggest.