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Funding a business
Does taking a loan to start a business end well?
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[QUOTE="Bookwormlux, post: 231251, member: 25193"] It is important for us to be honest with ourselves and make it clear that this is not usually easy for a large percentage of people who are starting a business using loan as their source of funding . Only a selected few are successful with money because through loan . It is just so unfortunate, and I would rather advise people to try as much as possible to make sure that they acquire the necessary knowledge of how to make money and raise their own capital by themselves , and not to rely on some lending companies that would give them loans to go about their business . The number one challeng that comes with starting a business with loan is in your being able to repay that loan . Most of the times, you are more concerned about how you will be able to make some profit out of the money given to you, but we all know that this is not usually something that is not easy, because there are so many ways in which you tend to find it difficult in business and the profits would not continuously flow . In situations like this , it is then going to be very difficult for you to effectively repay that loan and still maintain some level of profit making. [/QUOTE]
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Funding a business
Does taking a loan to start a business end well?
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