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Personal loan
Is Money The Only Reason Why People Apply For Loans?
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[QUOTE="Kingsley, post: 210172, member: 30278"] The general believe is that when we access loans it is primarily for the purpose of getting cash or money to either establish a new business or to maintain an existing business. Or probably to settle a bill that is veey pressing and there don't seem to be any other means to get the funds to meet the business obligations. But the truth is we truly access loans for the purpose of doing any of the above and if it is for business purposes that simple means that we are accessing the loans make more Money. This is so because the intention of any business person is to maximize profit. But unfortunately not everyone that accesses loans actually achieve this objective due to somany other factors. Imagine when one has a projection of having to invest $300 in a business and to make a profit of $50 and that will now be a total of $350 as both capital and profit. Let's assume the repayment of the loan of $300 will be $325, then the actual profit will be $25 for the owner of the business after repayments of $325, but if the investor spends the $150 on something else then the business is bound to fail. [/QUOTE]
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Is Money The Only Reason Why People Apply For Loans?
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