Debt may be necessary for many small business owners, especially when they're first starting out. Borrowing money can help you open and run your business, but interest payments are also a business expense that take away from your profits and can cause uncertainty.
In time, it's possible to get on solid financial ground and run a profitable, debt-free business. Alternatively, some business owners find that they can use debt to invest in their business and make more money than they spend on interest or fees.
Either option can lead to success. In both cases, figuring out when you should borrow money, and where you should borrow money from, are important skills for business owners.