This week's guest is Sue Schuster, partner at BizFi.io, where she helps small businesses access the right kind of capital to grow. Before finance, Sue spent 18 years building and running a swim school with her parents, eventually selling it after COVID upended the business, so she's coming at this from real experience building and exiting a company, not just advising from the outside.

We get into the difference between good debt and bad debt, why a line of credit is worth having even when you don't think you need one, and how dangerous merchant cash advances and credit card stacking can be for a business that gets stuck needing fast cash.

Sue also explains the generational divide she sees in how people approach debt, with younger business owners often not understanding how credit actually works, and older owners sometimes being too debt-averse to grow.

We also talk about why she prefers debt over giving up equity, and the risks small business owners take when they don't fully understand what a loan actually costs.

Highlights

• The difference between good debt and bad debt, and why it matters for growing a business.
• Why every business should have a line of credit, even if they never use it.
• The dangers of merchant cash advances and credit card stacking.
• Why debt is often a smarter move than giving up equity in your company.
• Sue's own journey building, scaling, and selling her swim school business.

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