vhinz
New member
Loan can definitely help to start a business if you don't have your own capital. It's called using Other Peoples Money (OPM). But you have to choose a loan that has little interest and can give you enough time to profit from your business so that you can gain and can pay off your loan. And before starting a business you have to study first your market. What kind of business you will put up. You also have to consider the place for your business. And of course that amount of capital you needed. And you also have to have an entrepreneurial mindset and skills when entering a business. Don't start a business that you don't really understand.