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Business Ideas Forum
Funding a business
Factors to consider before getting a loan for your business
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[QUOTE="Chibson, post: 211232, member: 27553"] [FONT=Times New Roman]Valid points, it is very important for you to make a very good research want to take any loan from any lender whether it is a bank or a traditional loan lender. some people make the mistake of taking loans without properly doing research about the reputation of that institution and they end up going bankrupt because of breach of agreement. I have seen a situation whereby the image of someone was tarnished by a loan up and it is very important that people avoid such at all cost. The loan app sent messages to all the contactts of the borrower telling them that the person is a criminal and they should not do business with such person again. This is very disheartening and a lot of people must do everything possible to avoid this. It is advisable that people read the terms and conditions of some of this loan apps before they try to take any loan from them because they may end up tarnishing your image, if you do not meet up with the deadline. So reputation of a lender is very much important for you if you really want to take a loan to venture into any business. it is also important for you to check whether they are registered or not because of any of them are illegal.[/FONT] [/QUOTE]
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Factors to consider before getting a loan for your business
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