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Business Ideas Forum
Funding a business
Questions to ask before funding your business with a loan
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[QUOTE="Augusta, post: 252157, member: 25283"] Your last line is on point and I have stated that I don't buy the idea of starting any business on a loan. Getting a loan or starting a business with a loan might just be that one thing that will collapse the business because you are not only paying back the loan itself but with a high interest rate on it in some cases. So this means that you are not only paying back but as quickly as possible which means you might not even start making the profit when you are already paying back the loan. So bottom line will be to start asking the right questions and answering them convincely that you are good with the loan before going ahead. This action will help you to be sure that you really need this loan. So best bet at all times is to weigh your options before you think of taking the plunge. [/QUOTE]
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Questions to ask before funding your business with a loan
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