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Should I borrow a Loan From a Bank to Start My Business
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[QUOTE="Chibson, post: 214772, member: 27553"] [FONT=Georgia]I don't always advise people to take loans in order to start businesses because a lot of things could go wrong especially when you are not an established businessman. For sure, it is not bad for someone who has been in business for a very long time and have an established business for the person to take a loan in order to expand but when it comes to someone who is a newbie in business, it is not really advisable for such people to take loans. The reason being that you can take a loan and not be able to pay back. Another thing is that there will be a lot of pressure on you by the loan company or institution for you to pay back and that will not give you the rest of mind to think straight in order to run the business effectively. These are some of the emotional reasons it is very important for people to start businesses with their personal savings or donation from friends or family as the case may be. It is important to your start saving in order to start a business instead of trying to take a loan from bank because you may not be able to pay back.[/FONT] [/QUOTE]
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Should I borrow a Loan From a Bank to Start My Business
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