Staring business from loan amount is better better than other ways?

Recently my friend ask me that he want to start a small and of business but he is not having money in great amount so I suggest him that it involves second partner with you and invest equally but he said to me that he want to start his business alone then he has decided start this business to take loan from his cousin brother and he is gonna give him and help him in the coming time.

It sounds bad on me that nobody helps in the time of bad when bad time comes they will just ask you about their money not about the problem so I said to him that do not take loan and involve the second partner so he will also know about the loss in business while on other side the second person to whom you are taking loan I will not responsible for your loss and your business work so choice is yours but do whatever is good to you.
So I want to ask you all that is it good to start business with the help of taking loan from the other person who will just be responsible for the money not for the loss and your business what you all thing that I give him the wrong idea for the right Idea personally I am confused myself as well because I never suggest anyone related to business ideas but it was my first experience if there is someone who has great amount of ideas related to business and they know that this type of business is good and it can be e better in the future so do suggest me as well you ideas.

Must be many people who has started their business with the loan amount and still there going to the betterment side but it totally depends on the luck .

I can't advise anyone to run a business first using a loan. Partnering with a friend that is financial buoyant is encouraging than just seeking loan for your first business. What if the business never really yield the benefits you need to pay back the loan when the deadline passes. What will be your next action? That will be disastrous indeed.

This is sort of risk because what if the business fail

It is not advisable to use a loan as start up it is better if one can use it to expand the business, accessing loan for start up is very risky because the business is just trying to understand the terrain and at this point one has not really understand alot of things about the business which can lead to losses at the initial point. So it will not be wise to access loan.

Taking a loan for a business start up is very risky because if you don't break even in time one might lose his/her business. There are various ways in which your friend can secure funds to start his business. He/She can approach a government bank for a grant. Most governments especially in third world countries provide grants for new businesses as a way to encourage young entepreneurs. He can also get funds from friends and family to pay back at a comfortable time. If he/she has Personal savings that could be used to start up the business then that could be used and loans from friends could complement this.

I have experienced having a business and suffering a tight cash flow due to lack of ample capital. Borrowing money is the only recourse left during that time and the interest on the loans have dented the profitability of the business. If you will make a start up with a loan think of the installments that you have to pay every month. That is already a pressure.

Sometimes, it becomes very difficult to raise funds and start a new business. Taking a business loan is a good option if your business plan is sound and you have all the supporting documents. Many of the fintech companies like LendingKart offer business loans to companies for expansion or sustenance, and their criteria could be that the business should be running for a minimum number of months or years. There are many other ways to raise funds to start a business, for example - approaching a venture capitalist with a business plan. Weigh all the pros and cons, and take a loan only after calculating all the risks involved.