I am running a bit short on the cash involved in doing the renovations I desire. Would it be better to continue to save until I can pay cash, or would it be better to take out a small business loan and do the work now?
I think it would depend on how urgent the renovations are that you desire to make. If you are looking to make some aesthetic changes, then I would say wait for the cash. If your changes involve pressing problems, then a small business loan might be in order.
Agree, it would depends on urgency and importance of the project. If you think the delay would significantly affect your servers' performance, which would in turn affect your overall business, taking a loan would be a good decision.