Do you ever feel like a slave just working to make payments to your bank. Many small business owners live under the pressure of debt and the worry that if their business fails or falters the bank could take their family home.
Today Andee looks at why banks want to take security over your family home for business borrowing and identifies two strategies that you can use to work towards a position in your business where you can release your family home from the clutches of the bank.
The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.
The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners.
This video is filmed from Wicks Reserve and answers the question ‘Why do banks always want my home as collateral for borrowings?’









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