Title: 5 Things to Do With Your Small Business Profits
Headings: 5 Things to Do With Your Small Business Profits
5 Things to Do With Your Small Business Profits
What You Need to Know About Small Business Profits
1. Save for a Rainy Day
2. Use Business Profits to Grow Your Business
3. Pay Down or Refinance Debt
4. Use Business Profits to Pay Yourself
5. All of the Above

Content: If you have a brick-and-mortar business that would benefit from an expanded footprint, perhaps you can expand your space or move to a bigger location. Consider also that you don’t necessarily need to have enough cash saved up to pay for a new location, equipment, or personnel. You might decide you’d prefer to use the financing to help you pay for those needs. 3. Pay Down or Refinance Debt
It’s possible you’ve incurred some debt in order to start up your business. If this was your first venture, you may have had to borrow at a relatively high-interest rate, so you may want to consider refinancing and/or using some of your profits toward paying down debt. You have two main options here: you can make large payments toward the principal balance of your debt, or you can look for refinancing. If your loan has a high-interest rate, you may want to take your updated financials to lenders to talk about refinancing. Once you can show that your business is profitable, you may be able to refinance at lower rates because you’re at a lower risk of default.