Peterlight
Member
I have a business Idea but I lack finances to start with, the business is more like a multi business but it requires a lot of millions.
I have thought of it and I have gone out to survey the locations in which I will establish the business.
My mum says, I shouldn't get a loan but I don't want to listen to her cos I have made up my mind. I already put in for a loan worth a million but the interest rate on it, is really massive and it's just like borrowing money and paying back the loan till you die.
I don't want to bore you with much details all I want to know is if I should go for the loan or borrow from friends and family, cos if am to borrow from any of my family or friends, they might not give me the amount I need.
Please should I go for it or do you guys have an alternative.
Thank you.
I have thought of it and I have gone out to survey the locations in which I will establish the business.
My mum says, I shouldn't get a loan but I don't want to listen to her cos I have made up my mind. I already put in for a loan worth a million but the interest rate on it, is really massive and it's just like borrowing money and paying back the loan till you die.
I don't want to bore you with much details all I want to know is if I should go for the loan or borrow from friends and family, cos if am to borrow from any of my family or friends, they might not give me the amount I need.
Please should I go for it or do you guys have an alternative.
Thank you.