Another reason to ensure debt is correctly structured is that a number of Banks now separate their business and personal lending functions in relation to business clients.
Regardless of debt size, borrowing history, the Business Bankers and Business Banking Centres in the affected Banks, can no longer approve personal lending (Home Loans, Investment Loans etc) as they have in the past.
The challenge for business owners here is that when this occurs, whilst a Business Banker can view the borrowing in the context of the overall Group position, the Personal Bankers assess it in isolation using very stringent and rigid criteria. The end result being it is now taking much longer to process loan applications.
To minimise disruption and avoid frustration this is yet another reason to ensure your debt structure is correct.