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Personal loan
Is Money The Only Reason Why People Apply For Loans?
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[QUOTE="Alexandoy, post: 211689, member: 25510"] The main purpose of getting a loan is the need for money. However, there are reasons for the need like in a business it may be short on the liquidity or the cash flow is getting tighter. On the other hand the business will be expanding that it needs funds hence there is the need to take a loan. When my brother's business was approved for the importation of special steel from Japan they needed more capital for the importation is by bulk and the minimum order is worth $6,000 which was big money during the time before the new millennium. During the good days of my retailing business I would borrow money once in a while when some big customers would be delayed in their payments. The cash flow would get tight and I had to have the funds for the regular overhead expenses. However, I had no intention to take a long term loan because of the interest rate. Besides, the shortage of funds is not regular and only on a case to case basis. [/QUOTE]
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Is Money The Only Reason Why People Apply For Loans?
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