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Business Ideas Forum
Funding a business
Did you start with loan or through savings?
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[QUOTE="sincerem, post: 214522, member: 25228"] [FONT=Courier New][B][SIZE=15px]If the loan is well utilized, I don't see any infringement of taking a loan to start up a business. It only becomes a major issue if the terms isn't reached after repayment expiration date. That's when issues come up which wouldn't be a nice thing for the business owner to bear. If you can make up the loan at the right time and make a little profit out from your business, I believe their is nothing hindrance in it. [/SIZE] [SIZE=15px]I can simply take a loan during a business start up which I've read and planned for sometime, knowing too well that, losses wouldn't come block my promise. But I wouldn't go for a loan I'll be paying in excess of interest after repayment due. That's why a borrower should look clearer before agreeing to any loan terms to avoid the misconception in the future or falling into blind agitation with the loan company over a loan which he or she never read it's terms clearly. [/SIZE][/B][/FONT] [/QUOTE]
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Funding a business
Did you start with loan or through savings?
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