Comment by silverlight
3 years ago
That may be one option, but now I'm paying interest to give the government an interest-free loan in an inflationary environment. Great.
3 years ago
That may be one option, but now I'm paying interest to give the government an interest-free loan in an inflationary environment. Great.
Oh, it's worse. You also have to have your books in good enough shape for the bank, and submit them regularly. It's like doing taxes twice. Having your books in good shape is a good idea for many other reasons, but it's one more thing.
Better than bankruptcy, though, and it's often better than accepting VC terms.