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5 proven reasons not to start a business on loan
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[QUOTE="Seyesystem, post: 77942, member: 27060"] Starting new business with loan May not be good for some people and it may be good for some people whichever way. I can't advise any person to start business with loan but if you are very sure of the business that you are going into which you know that is viable and profitable the person May go for loan since that is his last option of getting capital to start the business.Getting loan to start a new business is common when you don't have enough capital but Sometimes it's difficult to repay loans especially when there is decrease in sales.There is nothing wrong to get a loan for a new business once you know that the business is viable. So many big business that you here there name globally started the business with loan. Once you carry out your market research and feasibility study of the business and you are very sure of the profit projection of the business you can get your loan and start the business. Business involves risk taken I hope you still remember the higher the risk the higher the return. If you are very sure that the business is viable I will advise you to get the loan for the business. [/QUOTE]
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