Debt Financing

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Debt Financing
10102061010202 Debt Financing
INTRODUCTION Bill Gates has a rule that Microsoft, rather than incurring debt, must always have enough money in the bank to run for a year with no revenues.1 In 2013, Microsoft had $77 billion in cash on its balance sheet.2 Unfortunately, 99.9% of entrepreneurs will never be able to emulate this financing plan. Therefore, they must be willing to pursue and accept debt financing. Debt is money provided in exchange for the owner's word (sometimes bac…
Steven Rogers: Entrepreneurial Finance, Third Edition: Finance and Business Strategies for the Serious Entrepreneur. Debt Financing, Chapter (McGraw-Hill Professional, 2014), AccessEngineering Export