If your business has taken on expensive business debt like expensive term loans or merchant cash advances (MCAs) with rates that quietly eat your profit margins, you already know the feeling. It doesn't show up all at once. It shows up in the space between what you thought you'd have left over and what's actually sitting in the account on a Friday afternoon.
The good news is that expensive business debt is rarely a dead end. It's a solvable problem. But solving it takes more than hope, and it takes more than trusting the first friendly voice that calls you promising a way out. This article walks through what actually gets a business owner out of the expensive business debt cycle, and just as important, what keeps well-meaning business owners stuck in it for far longer than they need or want to be.
