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
Taking a loan to start up a business, a good idea?
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="Kingsley, post: 214536, member: 30278"] Accessing loans should not be the first thing that should come to mind when we think of setup a business, infact there are some loan house as I will like to categorize them that will never give you any loan if they know you are going to use it for start up. And the reasons are very obvious how can you prove that you can manage the funds that will be given to you if you can not raise money on your own and start no matter how little it maybe, this will definitely one of the reasons they have at the back of their mind. Loans are very risky asset. I don't encourage start ups or starters to go for loans, this is because I believe they lack the requisite experience to manage a business. One will need prove him or herself first before thinking of accessing any loan. Giving a newbies loan is like giving a baby of 8months a bone to chew this will be highly impossible. Unless the child has come of age. Rather than going around and sourcing loans to start big one can start small or borrow from friends and family, one can also partner with others. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Taking a loan to start up a business, a good idea?
Top