The Pros and Cons of Leveraging Home Equity for Business Funding
September 24, 2021
There are many expenses to consider when starting or growing your business, from leasing property and purchasing equipment to hiring and training staff.
For many business owners, leveraging home equity for business funding is an attractive alternative, whether through an SBA loan, a home equity business loan, a home equity line of credit (HELOC), or a home equity investment — a relatively new option available in many states that, unlike other alternatives, does not require taking additional debt.
Each alternative has pros and cons, and business owners will want to think carefully about their individual life circumstances, willingness to take on new debt, and financial flexibility before deciding which path is right for them.
This article originally appeared on Inc.com. Read the full article here.