Entrepreneurs can use smart borrowing techniques to grow their businesses.
1 Small Business Credit Survey, Federal Reserve Banks, 2019, Page 5 https://www.fedsmallbusiness.org/medialibrary/fedsmallbusiness/files/2019/sbcs-employer-firms-report.pdf.
2 Score.org, How Much Cash Should Businesses Keep in Reserve? https://www.score.org/blog/how-much-cash-should-small-business-keep-reserve.
3 Small Business Credit Survey, Federal Reserve Banks, 2019, Page 10 https://www.fedsmallbusiness.org/medialibrary/fedsmallbusiness/files/2019/sbcs-employer-firms-report.pdf.
5 M&T Bank Article, Use Loans to Fuel Your Small Business Growth, 8/2018. https://library.mtb.com/using-loans-to-fuel-your-small-business-growth.