Understanding Small Business Debt

Small business debt is any money that a business borrows or owes to others. This can include loans, lines of credit, credit cards, or other types of financing. While debt can be a valuable tool for growing a business, too much debt can be detrimental, leading to high payments and financial stress. In this blog post, we’ll explore some strategies for managing small business debt as well as ways to use debt to expand a business.

Mid Penn Bank - Small business debt