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Business Ideas Forum
Funding a business
Advantages of funding a business with bank loans.
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[QUOTE="Caramelle, post: 200280, member: 150"] [JUSTIFY]Bank loans are not accessible to everyone. You have to establish yourself as someone who has the capacity to pay. If you are a regular employee of a stable company and/or you have real and verifiable assets in your name, you may have a chance to leverage these attributes to borrow money for a new business. If not, it would be difficult but not impossible. There is no such thing as minimal interest when it comes to non-collateral bank loans. Even then, bank loans are better than obtaining funds from loan sharks which charge higher interests and impose harsher terms. By the way, when you take out a loan, this information usually does not remain between you and the bank. It is commonly reported to a credit bureau. [/JUSTIFY] [/QUOTE]
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Funding a business
Advantages of funding a business with bank loans.
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