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Is it wise to borrow from family or friends for your business?

September 12, 2017 By BMN

Borrowing from family or friends is increasingly common these days and with interest rates at historic lows, there are cashed-up individuals looking to lend to and/or take equity positions in businesses owned and managed by people they know and trust. But is borrowing from family or friends really a good idea? The following article describes some of the issues that can arise and how to deal with them: http://www.smartcompany.com.au/finance/is-it-wise-to-borrow-from-family-or-friends-for-your-business/

This article was suggested by our mentor Bob Joubert

Filed Under: Small Business News & Tips Tagged With: Family Business, Finance, Partnerships

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