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Personal loan
Loans: Good or Bad?
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[QUOTE="Geoffrey09, post: 405"] Loaning is risky it can put your business into a boost or it can lead to your failure. Some businessmen are applying a system when loaning for example a company wants to purchase a machine worth $300000 they apply the 80:20 rule 80% for the cash payment 20% for the loan payment. Sometime they also consider that periodical payments whether it is annual, quarterly or monthly. It is true that the longer the loan the greater the interest it will bear but reality check it is really hard to pay something frequently like every month since loans are not the only thing you pay. Businesses also pay rent, utilities, labor, and taxes and for some reason a quarter or annual payment helps a business prepare for the future outflows of cash. Loaning doesn't necessarily mean borrowing money it can also mean lending money. If you re the business you will be the one who'll lend money to a person and this can generate profit for you in the long run. It is also risky like borrowing money because there is a chance that you might not be able to collect the money that you lent this can lead to restructuring the loan or writing off the loan from your books which means you re assuming that you can't collect the loan any further. In accounting loan is a really complex matter to be discussed and i tried to squeeze everything I know in this thread. Hope it will help you. [/QUOTE]
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Loans: Good or Bad?
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