As a business owner, you should never take financing out against your home when you could borrow against your business. HELOC rates might appear to be low, but over 20 years, a 4% interest rate could cost you almost half the total loan amount. In this small business tips video, you’ll learn all about how a HELOC works, whether or not equity loans are a good idea, and more! Feel free to drop any questions you have in the comments below. I’d love to offer any advice that can help you as you take your business to the next level!

0:37 #1. Not As Cheap As it Seems:
1:58 #2 Don’t Leverage Your Own Home
2:46 #3 Build A Relationship With A Lender

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Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advice from National Business Capital & Services and the author. Do not rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely on this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there may be errors, omissions or mistakes.

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