Kingsley
Valued Contributor
We have all read and heard about people who accessed loans to start up a business venture, although we know that business is principled on profit making but accessing loans to start up a business might be delicate because at the initial points of the business there are high chances that the investor has little or no experience in the line of business which will certainly lead to some loses rather than profits. So how do such investor cope in the face of a loan situation?
It will end up becoming a disaster as those loan houses will not be friendly when it comes to paybacks. For an inexperienced investors I think it will be better to stay off loans as start up rather they should start with whatever little capital they have in other to test the waters before accessing loans. What's your take on this?
It will end up becoming a disaster as those loan houses will not be friendly when it comes to paybacks. For an inexperienced investors I think it will be better to stay off loans as start up rather they should start with whatever little capital they have in other to test the waters before accessing loans. What's your take on this?