I have been thinking that I would like to expand my business.  I have over 25 websites and am looking to setup quite a few more.  In fact, I am considering doubling my Internet empire over the next month.  Thing is, I am a little cash poor right now, so I am going to have to get a loan.

I have been online for a few nights now, using the Internet to compare loans from different institutions.  To be honest, I don’t see a lot of variety when it comes to terms and interest rates.  I do have two choices of what type of loan I can get though.

I do have one thing going for me: I own a house.  Sure it is not the prettiest thing on the market, but the last few years have been good for housing prices and my house is worth more than it used to be.  I could use the equity in my home to get a secured personal loan.  The big benefit in terms of me and my business is that I can finance the money I borrow for up to twenty five years - making for low monthly payments.  Also, since I do have equity in my home, it is less of a problem to get.

My other option is just to get a regular personal loan.  The payments will be higher as the financing term would be just five years.  The advantage here would be that I would get the loan paid off quicker - instead of still paying it when I turn fifty.

I will have to sleep on it and make a decision.  Whatever the result, I can’t wait to grow my business - and spend my time doing what I am passionate about - nothing makes me happier.