How Not to Borrow Money from Friends and Family [Cartoon]

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Just because you’re borrowing money from friends or family, doesn’t mean you’re getting free money. That’s why it may not be a good idea to approach your cousin’s brother-in-law once removed to supply the funds for your growing business.

When approaching friends and family for funding, be smart. Work with an individual you trust and it’s always a good idea to get your agreement down in writing.

Learn more about borrowing from friends and family to finance your business in our Guide to Friends and Family Financing.

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