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Personal loan
can some one use loan money to begin a business?
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[QUOTE="Etini, post: 280712, member: 90141"] It is very difficult to start a business with funds gotten from loans. There is a reason why finance companies don't give out loans to start-ups. You need to understand the nitty-gritty of a business. before you invest funds into it. Business can be tricky most at the initial stage and you might end up losing funds and being indebted. I don't advise anyone to take a loan and start a business. Find funds from somewhere else, start the business and run it for some time Learn one or two things about the business, establish your footing and get a loan to expand it. I have seen a person who took a loan to start a food business. The business failed greatly and she was running a helter-skelter to try to pay the loan. When she re-tried the business with her funds she still faced the challenges she faced at first but this time, she was not under pressure and was able to navigate through the challenges. [/QUOTE]
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can some one use loan money to begin a business?
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