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Personal loan
Loans: Good or Bad?
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[QUOTE="behappie, post: 794, member: 57"] Loan is good if proper analysis shows that getting it is a wise decision. A loan gotten after a thorough analysis is would be used for predetermined purposes which are considered to generate more inflow than the loan cost and capital. Channeling loan for such purposes could make loans and accruing interest less significant when compared to the profit arising from it. This makes ways for payment of loan obligation as and when due. Both the borrower and and the lender smile at the end of the day. It guarantees the credit worthiness of the customer and banks are keen to give more loans to such customer. But getting where to invest bank loans to be able to meet its obligations is the most difficult task to a businessman. The is not some guess work, because guess work or shallow analysis would plunge any person into heavy debt. For a small business loan is good is the about involved is so small that the capital invested by the owner or owners is enough to pay its principal and interest in the case of default. A businessman is a risk-taker. If he considers the risk worth taking, he could venture into it. But the consequence of not meeting the loan obligation could spell doom for the business. I think it is better to self finance a small business or through friends and relatives than get a loan, especially from a bank. Most businesses that default in loan repayment do not usually live to tell the story. They go under the heavy hammer of the lender. Loan can kill a business. [/QUOTE]
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Loans: Good or Bad?
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