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When we started our business we put some cash into it but much of the start up costs was on credit. Now the business is moving into the black (not much yet but we're out of the red) but we are still saddled with a large debt mainly from start up costs. And we don't seem to be able to make much headway in paying it down. Whenever we make a dent in the balance we have to dip back into credit, usually to restock supplies and merchandise for manufacturing or general resale.

We can comfortably make payments on the debt, often more than the minimum, but can't seem to eliminate it. I don't want to raise prices as price is a major competative advantage for us. I feel we have a good profit margin on our items and very low overhead.

Any ideas would be appreciated.


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