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Business Ideas Forum
Funding a business
Does taking a loan to start a business end well?
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[QUOTE="Abigael, post: 232116, member: 25357"] Starting a business is really difficult if you do not have ready funds to be used as capital. You may have a good business idea but lack the capital to start it. So you look for sources such as selling your property, asking your family and friends for help or working for someone to earn the money. If these sources don't give you the s finds you need, then the only option remaining is borrowing from the bank or other loan lending institutions with a plan of paying it back with interest. This is a big challenge because some of the interest rates are high and you risk getting caught up by the repayment date then the interest can be increased. Moreover, loans can make you feel so much pressure and anxiety because you need to pay it back on time so that you don't get into any financial trouble. That will make you want to work really hard so that you can pay it back on time. That can cause you too much pressure. But not all businesses that start with a loan end up failing. Some of them actually thrive well and are able to pay back the loan and continue growing big. [/QUOTE]
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Funding a business
Does taking a loan to start a business end well?
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