Mika
VIP Contributor
If you want to start a business but do not have money or your friends and family are not willing to lend you money, the only option left would be to get a loan from a bank, investment company or any kind of financial institution.
When applying for loans, you will have to consider a lot of things. Firstly, be aware of the interest rates. How much you are supposed to pay and whether the company will increase the interest rates. Some lending companies may increase interest rates after loan approval. Secondly, assess your ability to repay the loan. Last but not least, consider the duration of the loan term.
When applying for loans, you will have to consider a lot of things. Firstly, be aware of the interest rates. How much you are supposed to pay and whether the company will increase the interest rates. Some lending companies may increase interest rates after loan approval. Secondly, assess your ability to repay the loan. Last but not least, consider the duration of the loan term.