One of the challenges that comes with funding a business with bank loan is the short duration for repayment. It is even difficult to find a bank that would give up to one full year to repay back the loan. In setting up a business, it requires a plan which most importantly is funding and the inability to fund a business is what prompts or pushes a potential business owner into taking loans. Now, the pressure that comes with taking loans would only be felt after you have successfully gotten the loan. Funding a business through loan is not totally bad or out of place but the pressure to manage to accumulate profits while also repaying the loan is always the bone of contention.
There is no business that can thrive without adequate funding. Funding a business is a fuel that is needed to run or operate a business successfully. One mistake some business owner do make is that, they want to accumulate all the profit and repay the loan at one stance and in most cases, an unforeseen situation do erupt and the money would be used to solve the problem, leaving the loan to suffer and could accumulate further interest rate. The best way or tip to avoid bad debt is to repay the loan in bits or gradually.