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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="sincerem, post: 216356, member: 25228"] [FONT=Courier New][B]I don't like loan especially from the money lenders, because malicious can simply happen and they simply make me to go torrid time when it comes to repaying back the loan which I took from them. And such can simply trigger the money lender taking my property which I brought as collateral, due to my failure to meet up with deadline. That's why I wouldn't go for any loan that requires collateral if at all I am seeking loan to operate a business. I simply prefer staying away from loan due to its dangers when I fail to meet up it's repayment date. The best to go about loan is simply taking from the commercial banking institution or mortgages whose terms and conditions aren't deadly like the one in which the local money lenders impose. I wouldn't borrow a loan to lose more than what I borrowed or simply see interest topple due to failure to pay on time. I never love the idea of taking loan from anywhere, due to the condition it keeps me especially when I have series of issues to attend to which are money demanding as well. If one doesn't know what to do with loan in order to yield profit from it, he or she shouldn't get one. [/B][/FONT] [/QUOTE]
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Funding a business
Factors to consider before getting a loan for your business
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