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Personal loan
What are the disadvantages of taking loans for startup business?
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[QUOTE="btaliat, post: 337361, member: 26390"] Business is not a sure venture. It can go south and it can as well go well. That's why it is always risky starting a business with a loan. Among its disadvantages is that it can be a way of being indebtedness. Many people that borrow money to start an investment may find it difficult paying such a loan back. The other disadvantage is that it limits the growth of the business. No business man will think of expansion when he has some debts on his neck to pay. That's why it is not a good idea starting with a loan. [/QUOTE]
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What are the disadvantages of taking loans for startup business?
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