Is accessing loan good for start-ups?

[Kingsley]

We have all read and heard about people who accessed loans to start up a business venture, although we know that business is principled on profit making but accessing loans to start up a business might be delicate because at the initial points of the business there are high chances that the investor has little or no experience in the line of business which will certainly lead to some loses rather than profits. So how do such investor cope in the face of a loan situation?
It will end up becoming a disaster as those loan houses will not be friendly when it comes to paybacks. For an inexperienced investors I think it will be better to stay off loans as start up rather they should start with whatever little capital they have in other to test the waters before accessing loans. What's your take on this?

 

[Mataracy]

We have all read and heard about people who accessed loans to start up a business venture, although we know that business is principled on profit making but accessing loans to start up a business might be delicate because at the initial points of the business there are high chances that the investor has little or no experience in the line of business which will certainly lead to some loses rather than profits. So how do such investor cope in the face of a loan situation?
It will end up becoming a disaster as those loan houses will not be friendly when it comes to paybacks. For an inexperienced investors I think it will be better to stay off loans as start up rather they should start with whatever little capital they have in other to test the waters before accessing loans. What's your take on this?

Using loan to start up a business is good once is a viable business and if it will yield more gain at the end.

Some the if the business is not sire that it will yeild profit at the end then,I will advise you not to take up loan to start up a business.

Many people has made that mistake because the see some of their friend the will just enter on to it without really know much about the business they wanted to do; so therefore they will surely run at lost at the end.

 

[Alexandoy]

Taking a bank loan for a start up of a business is good in some cases when there are supporters that would help you in paying back the loan. But if you are alone in business it is not good to get a loan for the capital. More likely you will need to have a good collateral for that even if you have a permanent job. A loan needs to be covered by a collateral.