Want to create an interactive transcript for this episode?
Podcast: The Winning Momentum Podcast with Scott Sinclair
Episode: Shareholder Loans are Loans
Description: In this Episode we discuss the power of debt and the related importance of treating shareholder loans as loans.Owner Managers are often required to advance personal funds to their business when available capital, including bank financing, retained earnings and shareholders’ equity, is not sufficient to meet working capital demands. The advances can be in various forms including direct transfers, reduced pay, or charging business expenses to a personal credit card, and are often done urgently and as a practical matter – the business needs cash.  It is typical for Owner Managers to simultaneously fill many roles...