What are the different types of credit, and how does the debt and interest impact your financial health? ACap’s Ara Oghoorian and Tom Fiebig of Mission Valley Bank, discuss the banking and tax implications of debt, and interest.

What You Will Learn:

• Banking & tax implications of debt and interest.
• The differences between short and long term credit.
• How does repayment differ by the type of credit?
• How can a bank assist a growing business?
• Importance of strong and accurate financial statements.
• How to report interest/debt on financial statements.
• Is interest deductible and are there any limitations?
• What is working capital and how to calculate it?