For an established business or a growing one, having a manageable debt can be viewed as good. I've seen many who carry on their businesses without any debt but there is nothing wrong with getting a loan to start or expand a business.

For a business to thrive it'll most of the time require capital and so you should not shy away from approaching a bank or a friend for a loan.

The thought of owing someone money sends chills down the spines of most of us and the fear is understandable. Some of us have had ugly experiences emanating from being unable to pay back money we borrowed from financial institutions or friends to invest in our business. This has resulted to loss of assets like furniture, vehicles and houses.