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Business Ideas Forum
Funding a business
The cons of getting a business loan
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[QUOTE="Jasmine, post: 259885, member: 49159"] People do not apply for loan without any valid reasons. People apply for loans because there is no other hope for them to get money, they try loan as the last resort. Unless these people take loan for granted and start spending on liabilities or spend on things that are not valuable for them, I see a lot of advantages of loan. Since loans are meant for investing in something that will give you return, there are a lot of advantages. It becomes disadvantages on the following conditions. You get a loan more than you can pay back. You get a loan without having a strong source of repayment You get a loan and start spending on expenses that do not give you return You get a loan and spend on luxuries. Well, loans are payable from the first month and you don't start making profits by using your loan for at least 3 months. [/QUOTE]
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The cons of getting a business loan
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