btaliat
VIP Contributor
At times, we are faced with only option of sourcing our business through credit facility. That's we borrow money from all those cooperatives in order to finance our business. What are the effects of this step.
The step has both negative and positive effects. The positive effect is that it may allow the business to boom quickly. The business owner will want to repay the credit hereby working assiduously to meet up with the task.
The negative side of it is that the business of collapse will lead to double loss for the owner because the business owner will still replay the money he borrows. Hereby making it a bad debt tof the business owner.
Which other effects you can think of?
The step has both negative and positive effects. The positive effect is that it may allow the business to boom quickly. The business owner will want to repay the credit hereby working assiduously to meet up with the task.
The negative side of it is that the business of collapse will lead to double loss for the owner because the business owner will still replay the money he borrows. Hereby making it a bad debt tof the business owner.
Which other effects you can think of?