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Business Ideas Forum
Funding a business
Factors to consider before getting a loan for your business
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[QUOTE="Kingsley, post: 209827, member: 30278"] The talk of loans has become the order of the day in Nigeria people scramble for loans for so many reasons besides just running a business. Due to the economic situation in Nigeria we have realise that people can not survive on their own, feeding a family of three children with a three square meal has become a serious challenge let alone pay their school fees and other expenses that is related to a family concern. When we consider the inflation rate and how it has madly affected the prices of commodities in the market we may begin to wonder how people is even coping right now because it is indeed horrible experience. Hence people sometimes claims to access loans for business purposes but at the end they get to spend it on other expenses which is not related to the purpose at which they went for it initially. Again we may not want to blame them because survival is always the first thing that comes to their minds. Well that said we must try as much as possible to consider our business first before accessing loans and we must try as much as possible to consider the strength of our business before starting the business. [/QUOTE]
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Funding a business
Factors to consider before getting a loan for your business
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