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Personal loan
Taking a loan to start up a business, a good idea?
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[QUOTE="btaliat, post: 215001, member: 26390"] No matter how convinient the repayment of loans is, no matter how easy it is to access the loan from the bank and no matter how small the collateral is, loan is not a good source of fund for a business that's about to be started. There are many cons of obtaining loan to start a business than the prons. An intending business owner needs to wegh the two sides before deciding which option is to go for We should be aware that there is probability of not being able to repay the loan as a new business owner even if there is a solid feasibility study for the business. There are some instances where a nascent business just collapse due to the outbreak of pandemic that is not even prepared for. Apart from the pandemic that can make sure the loan is somehow unpayable, there is always high interest that's associated with obtaining loan which make it difficult for the obtainee to focus more on the business rather he will face the success of his business. [/QUOTE]
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Taking a loan to start up a business, a good idea?
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