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  Unrealistic budgets, unnecessary costs or simply ignoring debt payments are three of the leading causes of small business failures due to debt. Even though borrowing money can be a sensible option, borrowing large amounts of money without having the sufficient capacity to return it can be dangerous. Business debt is easy to get into and difficult to get out of. But it is possible for businesses who are chained to debt to overcome their problems. Here are some ideas to help accomplish that. Think ahead Businesses should calculate their debt cover ratio before considering borrowing money. The ratio can provide precise insights into the amount of money needed, interest rates and the terms. An owner will then be able to tell how easily they will be able to pay it off before borrowing. Request lower interest rates Businesses who have a good credit score and relationship with their bank may consider asking for lower interest rates. Lowering rates by only one or two percent can make dealing