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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="Augusta, post: 239574, member: 25283"] Well for me whether it will end well or not I wouldn't advise anyone to start a business with a loan. The thing with business is that you can't predict it's outcome so you don't need to gamble with loans or any kind of borrowing when you are not sure that the business will go as planned. I'm writing this because it will be very frustrating for you if you failed and you start thinking of how you would repay ones money out of the blues. With this you would not only be dealing with the failure of the business but with the need to pay back the loan I always advised that one look out for other means that wouldn't need one pay back the money almost immediately or at all. You can look for an angel investor or asked for assistance from family and friends no matter how small ,startfrom there and apply patience. The policy with banks now with my home country is that they do not give loans to new businesses and their points are valid, you shouldn't be using a loan with high interest to start a business you might be starting on a wrong footing and you might just fail at it. [/QUOTE]
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Funding a business
Does taking a loan to start a business end well?
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