Financial Question of the Day: Has your business experienced cash flow problems lately?
If your small business has been experiencing cash flow issues, you’ve probably already taken a look around to find assets you can sell or use as collateral to borrow against.
Another option would be to find ways to lower your expenses.
Here is a suggestion doing both–have you considered refinancing your home and using that cash as a loan to the business?
Mortgage rates are ridiculously low now, and even if you decide not to loan the business the cash, you can afford to pay yourself less from the company’s cash if your mortgage payment is lower.