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Something Borrowed Money-management strageties

By Cynthia E. Griffin

Opinions expressed by Entrepreneur contributors are their own.

Small-business owners who have never borrowed money are usuallyproud of that fact, but sometimes not taking out a loan can hurtyou.

"Borrowing money is necessary for most growing companies.That's the way small businesses break out and becomelarger," says Tom Kellogg, president of Hartford,Connecticut-based Business Lenders Inc. The company, which hasoffices in Connecticut, Massachusetts, New Jersey, New York andRhode Island, is one of the Northeast's most active SmallBusiness Administration lenders.

A loan can also help companies that have problems paying billsor need to pay off creditors and improve cash flow.

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