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Reason Why You Don't Have To Start A Business With Loan.
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[QUOTE="Augusta, post: 240585, member: 25283"] For me I continue to be against the idea of taking out loans to fund a business it isn't advisable from my experience and that of others. so I have huge reservation for starting a business with a loan because it comes with high interest and a timeline for repayment. A new business would not work with this kind of working capital because of lack of stability. You would need to have the money in the business for a period of time before you start sending the money out. but with loan you might have a repayment timeline that will need you starting payment almost immediately. So you are paying out your capital and maybe yourprofit almost immediately. Another thing about getting a loan is that you might not even get enough money that will progress the business, since you might not get the right collateral to get something substantial. A business needing more money to run it without having it might be difficult to run it hitch free. This will be more of a forceful thing as the money available might not give it a smooth run. But this is not say that you shouldn't just start but try to patient with the rate of growth of the business. [/QUOTE]
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Reason Why You Don't Have To Start A Business With Loan.
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