Running a business is a journey packed with challenges most people never consider. Business owners juggle responsibilities that go way beyond typical nine-to-five work: managing employees, controlling expenses, maintaining equipment, handling marketing, and keeping financial systems running smoothly. One challenge that can sink your business faster than anything else? Debt traps. These sneaky financial pitfalls can drain your resources, crush your cash flow, and potentially destroy everything you’ve worked hard to build. A debt trap occurs when you borrow money under conditions that make it extremely difficult to repay the original amount. These traps typically involve high interest rates, complex
