Level 7 (Business Loans)
When it comes to business loans, you are no longer borrowing money but raising capital.
- This type of debt is a financial tool that can help your business grow and earn more than it costs.
- At this level, you will encounter lines of credit, equipment financing, bridge loans, and term sheets.
The key difference: Personal debt is based on your past, while business debt is based on your potential.
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Content Curator | Absurdist | Amateur Gamer | Failed musician | Successful pessimist | Pianist |
Just like income, debt has levels, and each level changes how you live, what you can do, and how much freedom you really have.
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