Question

If you take any personal financial classes, you will more than likely hear and be warned about keeping out of debt. For instance, Proverbs 22:7 says, "The rich rules over the poor, and the borrower is servant to the lender." Yet, from an accounting perspective, the balance sheet incorporates liabilities (debts) and is part of the accounting equation. If you wanted to run your business according to godly principles, how could you balance this with the idea of borrowing money to start a business or to grow a business

Answer 1

Funds are like blood for a business. A business can't run without funds. And mostly every business need external borrowing. There are very few Businesses which can run on their own funds only.

So, if you want Balance this idea, this riquires that you have your own funds for running the whole business.

This is just an old non-functioning proverb now.

There are a lot of cases when a rich person takes loan from a person who is not poor if we make a comparison.