Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Do you think it’s safe to fund your business with bank loan
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Rachael, post: 226428, member: 68963"] One of the challenges that comes with funding a business with bank loan is the short duration for repayment. It is even difficult to find a bank that would give up to one full year to repay back the loan. In setting up a business, it requires a plan which most importantly is funding and the inability to fund a business is what prompts or pushes a potential business owner into taking loans. Now, the pressure that comes with taking loans would only be felt after you have successfully gotten the loan. Funding a business through loan is not totally bad or out of place but the pressure to manage to accumulate profits while also repaying the loan is always the bone of contention. There is no business that can thrive without adequate funding. Funding a business is a fuel that is needed to run or operate a business successfully. One mistake some business owner do make is that, they want to accumulate all the profit and repay the loan at one stance and in most cases, an unforeseen situation do erupt and the money would be used to solve the problem, leaving the loan to suffer and could accumulate further interest rate. The best way or tip to avoid bad debt is to repay the loan in bits or gradually. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Do you think it’s safe to fund your business with bank loan
Top