Business owners and leaders typically put in more than their fair share of hours to guide their companies to success. They’re also focused on making the most of the rewards they receive for that hard work. This time of year, many take time to study and adjust their personal investment portfolios. There’s another type of portfolio savvy business owners and leaders should eye just as closely. That’s the portfolio of loans and other types of credit companies accumulate to help them achieve strategic goals and smooth out variations in their finances. Many businesses wind up accumulating their own portfolio of loans over time. In addition to familiar types of loans such as mortgages on facilities or installment loans on vehicles, a company’s debt portfolio might include business (and sometimes personal) credit cards, financing on equipment used in the business, and leases. Those forms of debt have different purposes and amounts, as well as unique terms and payment structures. While the funds associated with this debt are owed to other organizations, they essentially represent investments in the future of the business. The company’s return on those investments comes in the form of growth and the financial stability careful use of […]
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