Using a business credit account to finance your business will limit personal risk while providing additional financing opportunities as well as helping to build long - term trust and
credibility with financial institutions.
Check with your state insurance or vehicle registration department for details on current regulations, and
also with your financial institution if you took out a loan to purchase your boat.
It also provides protection for any unforeseen financial emergency as most whole life insurance policies can be used for taking loans against the deposit of the
policy with the financial institution.