Should we take on debt or not?  The age old questions....... We unpack some of the options available.

We explore some of the pros & cons to having loans & overdrafts - Firstly, this is thoughts only and NOT advice, everyone's situations are different so seek independent advice that works for YOU.
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Overdrafts are a fluctuating facility that if used for purpose would revert back to $0 at times.  Overdrafts are beneficial when in growth mode, when payment terms have changed or when operating cashflow is tight........ BUT there are some important things to check before you go to finance.  Watch our 3 types of cashflow to ensure you're on top of your numbers before hitting up the banks!  Higher interest rates due to convenience and higher risk levels.  Typically interest only.
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Loans are a core debt component of your business - very handy when expanding, long term growth and purchasing property or investments.  Lower interest rates with repayment structures.