Just understand your downside. Are your shareholders going to bail you out if you have a big customer loss and can’t service the debt or fall off covenant? Wha

Just understand your downside. Are your shareholders going to bail you out if you have a big customer loss and can’t service the debt or fall off covenant? What will your lender do? Are they going to throw a lock on the door and sell the chairs? It’s not necessarily the end of the world to default on secured debt. As a founder, you may he just fine after a lender-induces a recap. But don’t leave that all to chance. Understand the downside risk before you draw down on debt and be comfortable with it.