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Maybe you should try reading the entire quote I pasted before you reply!
Yeah, you forgot these;
Quote:
Before Applying - Important Questions to Ask Yourself
But, we would advise you to really ask yourself if you currently have the business that would warrant you to comfortably take on debt.
Leverage Can Get You Into Trouble
We cannot tell you how many times clients get ahead of themselves by leveraging up their balance sheet and hiring staff without having the business or future business to support such a model. You can put your business in a very deep hole that can become very tough to climb out of.
Which are directly related to this discussion and obama's comments;
Covering payroll is different than "boosting" payroll, which is what obama said. Boosting payroll to take advantage of a $5000 tax credit while business is down, demand is virtually nonexistent and the cost of another employee far outweighs the benefit of a tax credit, is a ridiculous statement.
Boosting Payroll means putting people back to work.
And if a business needs to take out a loan to add new employees and meet the extra payroll, and ultimately grow the business, then I'm all for it !!!
Once additional employees are hired, they can begin to create goods, and perform services, which will bring additional income to the business.
The additional income will help to pay back the bank loan, and allow the business to grow even more.
Here's an example:
Assume you have a great idea for a new product.
You go to a bank, take out a loan so you can hire employees, who will help you start your business, and make your product.
Once your product begins to sell, you pay back the bank loan, and your business then begins to fund itself.
Boosting Payroll means putting people back to work.
And if a business needs to take out a loan to add new employees and meet the extra payroll, and ultimately grow the business, then I'm all for it !!!
Once additional employees are hired, they can begin to create goods, and perform services, which will bring additional income to the business.
The additional income will help to pay back the bank loan, and allow the business to grow even more.
Here's an example:
Assume you have a great idea for a new product.
You go to a bank, take out a loan so you can hire employees, who will help you start your business, and make your product.
Once your product begins to sell, you pay back the bank loan, and your business then begins to fund itself.
But it all starts with a loan from the bank.
Wow. You - are - an - idiot.
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