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Business Ideas Forum
Funding a business
Benefit of getting a business loan
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[QUOTE="Mika, post: 271366, member: 29399"] If you want to start a business but do not have business funds, getting a business loan can come as a great help. However, when you start a business through a bank loan, you will have to start loan repayment long before your business starts generating profit. If you start repaying loans before your business is generating revenue, you will be at a lot of financial risks. Therefore, a loan comes as one of the best ways to build business funds, it also comes as a financial burden if you are a small business owner. There are also criteria to be fulfilled because you don't get a loan if you do not have collateral., you also do not get a loan if your business is not a registered business entity, and you don't get a loan unless your business is already operational. Avoid loans of there are other ways to get business funds. [/QUOTE]
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