Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Factors to consider before getting a loan for your business
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Caramelle, post: 210553, member: 150"] [JUSTIFY]Although it is usually preferable to grow a business using its own profits or through the capital infusion of its owner, obtaining a loan may be the only solution for rare business opportunities that are worth the risk. There are diverse sources of funds and the business owner will have to consider several factors before concluding a loan contract. The cost of debt is one of the major factors to look into when deciding on the loan provider. A business owner will most likely choose the loan with the least interest rate and fees. One possible source of a low-interest loan is a government bank that specializes in business development loans. Other loan sources may require collateral. Some lenders may not require collateral but the interest rate could be higher than usual to compensate them for the risk of granting an unsecured loan. The repayment period should be considered as well. The periodic payment should match the timing and expected cash inflows of the business in order to avoid potential liquidity issues that could eventually lead to default. The terms of the loan should be thoroughly reviewed. The borrower should be aware of conditions regarding default and delays. Some creditors may impose harsh conditions in cases of payment delays. A slight delay in payment could be considered as default which can make the entire loan due and demandable. [/JUSTIFY] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Factors to consider before getting a loan for your business
Top