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Funding a business
3 Main Disadvantages of Business Loans
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[QUOTE="allison001, post: 296872, member: 40034"] High Interest Rates Business loans generally come with advanced interest rates than other forms of backing, similar as credit cards or lines of credit. This can make it more precious to adopt plutocrat and can negatively impact a business's profitability. Strict Eligibility Conditions numerous business loans have strict eligibility conditions that may be delicate for small businesses or startups to meet. This can make it harder for them to pierce the backing they need to grow and expand. Prepayment Terms Business loans generally have a set prepayment term, which means that the loan must be repaid in full within a certain period of time. This can put pressure on a business to induce enough profit to make the payments, which can be delicate for some companies to do. also, if a business is unfit to repay the loan on time, it can lead to penalties and fresh freights, which can further increase the cost of the loan [/QUOTE]
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3 Main Disadvantages of Business Loans
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