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About LinkBacksHow soon should you pay back capital that you borrow to start a business? I am planning on needing around $40k to start my business, I can easily pay this off in 24 months, but should I pay it back sooner?
Junior Member
How soon should you pay back capital that you borrow to start a business? I am planning on needing around $40k to start my business, I can easily pay this off in 24 months, but should I pay it back sooner?
Senior Member
That is usually in the contract between the borrower and the lender. VC, Angel, etc.
Senior Member
Pay it off as fast as you possibly can without cutting corners in your business. One mth late on a bill is way better than one month of bad customer service in my opinion... If that makes any sense.
There have been times where I robbed peter to pay paul just to satisfy a customer (some business pros speak against that). U never know who that person may know or what could come of that transaction.
-Tyler
Colui che sa fare meglio di noi sa quanto poco si sa. -Thomas Jefferson
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