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The Dangers Of Stacking Small Business Loans

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Chris Motola

Chris Motola

Finance Writer at Merchant Maverick
Chris Motola is a writer, programmer, game designer, and product of NY. These days he's mostly writing about financial products, but in a past life he wrote about health care and business. He's a graduate of the University of Central Florida.
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    John

    It should be commonly known, but it always helps to reiterate that taking out multiple loans to pay back other loans is just a bad idea. If things don’t work out well (which is incredibly possible), you’ll find that you’ve dug yourself into a much deeper hole than you were in to begin with and now owe even more people money that you do not have. Not only that, but the lenders you’ve been working with will not be happy at all about the additional risk you’ve accumulated.

      This comment refers to an earlier version of this post and may be outdated.

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