A common mistake new business owners often make is only worrying about cash flow when reserves are getting low. When businesses are hurting with cash flows, it isn’t usually getting paid that is the issue, it’s when they’re getting paid.
When you’ve taken out a short-term loan, you may consider paying it back before the term is up. This might not necessarily be in your best interest. Here’s a closer look at why you should or should not pay back your short-term loan early.