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Business strategy
Effects of financing business with credit facilities.
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[QUOTE="Peppul, post: 77519, member: 27039"] It's not advisable to take up loans or credit from any corporative or banks for the startup of a business. Loans are very tricky and I wouldn't advice someone into taking up loans to start up a business, best is look for capital, or work to save so you can use it to start up a business. So many businesses have failed due to loans and most of the business owners find it difficult to pay back the loan, and because of that some ended up loosing their lives, some ended up in jail and some lose their family properties. For someone who wants to take a loan for starting up a business always have a collateral that can be used to cover up for the loan incase something goes wrong. But generally it's not advisable to take up loans for business. [/QUOTE]
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