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3 tops reasons to avoid starting a business with a loan
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[QUOTE="Augusta, post: 116414, member: 25283"] Starting a business needs money but it will be a bad idea to start yours with a loan. Taking a loan to start a business will be a big risk. It is always better to start a business without unnecessary financial stress which starting with a loan will bring. The following are the top 3 reasons to avoid starting your business with a loan: [B]High interest from lenders[/B] Loans must time comes will high interest that will gulp a lot financially from you [B]Short repayment time[/B] Some loans come with very short repayment time like about 6-12 months; by this time you are still unable to stabilize your business [B]Failure of the business[/B] Loans can fold up your business, because you are yet to begin the business, you are already expected to pay a quarter of the money back. Then the whole idea of getting the loan has been defeated What your thought on this? [/QUOTE]
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