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Funding a business
3 Main Disadvantages of Business Loans
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[QUOTE="PICKFORD, post: 297013, member: 37913"] [LIST=1] [*]Limited Flexibility: Business loans are generally less flexible than other forms of financing, such as a line of credit. [*]Time-consuming process: Applying for a business loan can be a time-consuming process, requiring a significant amount of paperwork and documentation. [*]Risk of default: If the business is unable to make loan payments, it may default on the loan which can have significant consequences, including legal action. [*]Limited use of funds: Some loan terms dictate that funds can only be used for a specific purpose, which may not align with the business's needs. [/LIST] [/QUOTE]
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3 Main Disadvantages of Business Loans
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