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Should I borrow a Loan From a Bank to Start My Business
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[QUOTE="Rachael, post: 243416, member: 68963"] Well, this depends on your choice because no matter the level of advise you are given, what you have in mind is what you would still opt for. First of all, you should recognize the fact that, getting money from the bank has its own merits and demerits. As it stands, there is no bank that would give out loan without going through your credit history and if the credit history is negative, you would fins a hard time obtaining the loan. Also, for you to get loan, you should make out a plan on how you hope to repay incase your first plan does not work out. This means that, you should look for other ways in which you can make money or have a collateral equivalent to repay. To me, I prefer loaning money from the bank than opting for all these online loan apps, this is because, the timeframe given by banks for repayment is reasonable. The problem is not about getting the money from the bank but the major issue is how well you ensure that the business is productive and also able to draw the attention and patronage of customers as the case may be. [/QUOTE]
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Should I borrow a Loan From a Bank to Start My Business
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