The Apostle Paul wrote, "...therefore keep standing firm and do not be subject again to a yoke of slavery" (Gal. 5:1 NASB).
When we borrow money for our business, we are obligated to repay with interest. The lender may require we agree to many loan covenants on how we are to run the business when the loan is approved.
Avoid loans with restrictions so tight you have become enslaved to the lender. It is better to pass on the loan and keep control of your business.
Keep your freedom by avoiding excessive borrowing.
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