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Personal loan
The stress of Starting a business with a loan
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[QUOTE="Alexandoy, post: 217238, member: 25510"] To be frank with a loan for a business I think it is all about being lucky or being unlucky. When my brother made a start up of his business as supplier of special steel, it is a retailing business. They buy long bars of steel and cut it into smaller pieces prescribed by the customer. After some time my brother wanted to be an importer. He borrowed the title of my my parents' property to be the collateral for a bank loan. That kicked off the importation business. He was lucky because in his first importation the business earned a good profit. That also the case in the subsequent importation that their business was on the right footing. In another case a friend who had studied very well the livestock business borrowed money for his poultry. They own the land so the capital is not much although he had to get a bank loan to build the chicken cages. The business failed because the chickens got sick. It was really a bad luck. [/QUOTE]
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The stress of Starting a business with a loan
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