We are debt averse in general. Borrowing money should be the choice of last resort, not first. But there are times where capital is needed and the business does not have sufficient time to generate the capital needed through its regular operations. In that case, borrowing might be useful. But you’d better have a good reason to go down this road. There are several reasons to borrow money: Business expansion There are two aspects to business expansion: Asset Acquisition: Sometimes when we expand the business we need to buy some assets like equipment, computers, etc. Working Capital needs: When your business grows, your working capital needs to grow…