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Business Ideas Forum
Funding a business
Does taking a loan to start a business end well?
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[QUOTE="sincerem, post: 231259, member: 25228"] [FONT=Courier New][B]It differs for everyone, some persons makes proper use of their time when they take loans, and make profit from the loan they took, and repay on time. Whereas some don't earn after taking a loan to start their business which makes it hard for them to repay the loan, and turns out to be a stumbling block in their career. That's why it is encouraging you start from saving, or taking funds from a VC to avoid feeling the pressure of repaying a loan. You can take a loan when you see that your business is flowing freely and generating steady profit. You can take a reasonable loan from the mortgage bank and improve your business further with low risk loan requirement. I do take loan, especially when I got the reasons for it, and I take loan which I know I can repay without having issues of repaying it instead of taking a loan and not meeting up with the repayment. The consequences of taking a loan is unbearable especially when the repayment is over due. Those who borrowed from online loan app suffers more than they expected after failing to meet up with a loan repayment. [/B][/FONT] [/QUOTE]
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Funding a business
Does taking a loan to start a business end well?
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