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Is this the only way to start a business with a loan ?
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[QUOTE="btaliat, post: 214997, member: 26390"] To start a business, you may not depend on loan alone. There are other ways money can be sourced if a business is to be started or funded. In fact, for an intending business man, it doesn't make any sense to start a business with a loan. There is no guarantee that the business will be successful hereby making it difficult to repay the debt and still lose the capital. Loan is only meant for the expansion of business. This is to show that loan is to be obtained by an existing business owner and not really the intending or a new business owners. Apart from obtaining loan, other ways of sourcing fund for business include; personal saving. Though, this may only be relevant for small scale businesses, borrowing from families and friends and even borrowing from cooperative societies. [/QUOTE]
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Is this the only way to start a business with a loan ?
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