Grow Your Business

Infographic: Time to Tackle Your Small Business Debt

Roughly 50 percent of small businesses fail within the first five years, largely due to insufficient capital or overwhelming debt, according to the U.S. Small Business Administration. What’s more, nearly one-third of small business owners currently list “reducing debt” as their top priority and many face the challenge of their business capital becoming intermingled with personal finances. So, if your debt is burdening your company, you’re not alone—but it doesn’t have to be that way. If you’re uncomfortable with the levels of debt your business is carrying, start with these small steps to help yield big results. 

Infographic: Time to Tackle Your Small Business Debt
 

Managing your business isn’t easy, and SunTrust is here to help so that business ownership is rewarding. For more information on reducing debt, visit the SunTrust Resource Center.

This content does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.

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