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Business Ideas Forum
Funding a business
The cons of getting a business loan
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[QUOTE="Sotherefore, post: 256556, member: 27033"] If anyone is interested in getting a loan to start a business , the person should do a careful plan of how to properly utilised the loan so it won't be as a waste. This is one of the reasons so many people are losing their business just like you said , most especially when they are not able to pay back the loan they have collected. In any case , it is always advisable to pay back loan from external source of income , I believe it will be easier this way and this will save your business. Trying to pay back from the same business you have collected the loan to start might not be suitable , most especially for short-term loan because it will definitely take a lot of time for business to generate enough . I believe so many things should be put into consideration when thinking of getting a loan and not just to get it without proper plans. [/QUOTE]
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