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Personal loan
Do loan really helps people to start up a business?
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[QUOTE="behappie, post: 946, member: 57"] Loan is given based on credit ratings or credit worthiness. A new business is like a baby who has a blank record. Even though, no reputation is better than bad reputation. To well qualify for a loan, a business must have been long established and have track record of dealing with their trade creditors in a credit-worthy manner. Loan for a new business should not be encouraged as it would distract the owners of the business and their managers from building the fortunes of the business, rather, they would focus repaying the loan capital and the accruing interest. Many budding businesses have shut down in the last ten years because of their inability to meet loan obligations. [/QUOTE]
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Do loan really helps people to start up a business?
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