Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Reasons not to take a business loan
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Maks25, post: 79818, member: 28906"] starting a business with loan is not a bad idea but starting with bank loan is a risk one needs to be careful about. 1. What is the security on your present job 2. Can you cope with the interest rate from bank 3. No business yields proceeds immediately so are you sure the load wont be too much on your salary 4. Running cost: This is one vital part of business most people neglect. The money you pump into the business alone is at times more than your initial capital cos you keep pumping it in till the business stabilizes 5. Please don't trust on this company workers when it comes to haulage, there is a lot more homework to be done. In all, please consider the loan carefully cos to collect money is sweet but pack back is never easy. Thank you [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Reasons not to take a business loan
Top