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Should I borrow a Loan From a Bank to Start My Business
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[QUOTE="Good-Guy, post: 239362, member: 29109"] I would never encourage people to get loans and there are so many reasons behind that. First of all, when it comes to borrowing money, people usually mortgage something valuable. This means that you are risking something valuable and you risk losing your asset when it comes to borrowing loan. So until or unless you can afford to lose your mortgage, you must not consider borrowing money at all. Apart from that, one of the biggest problems involved with borrowing money is the fact that you need to pay interest and I am extremely against interest. You will need to pay interest and when it comes to borrowing loans, banks usually charge a huge amount of interest money. I would prefer selling my asset and then start business rather than risking my asset and I would obviously avoid interest. The other problem with getting a loan is that the fact that it is not that easy to apply for a loan. you must have your paperwork ready and you must know what are the requirements of the bank when it comes to applying for the loan. These are some of the main reasons why I would never want to borrow money at all or apply for a loan. [/QUOTE]
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Should I borrow a Loan From a Bank to Start My Business
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