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Personal loan
What are the disadvantages of taking loans for startup business?
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[QUOTE="Lens1000, post: 337358, member: 37726"] It is critical to know that the process of applying for a startup loan can be very time consuming and it requires complex and extensive documentation, business plan and financial relations as well. These are things that may actually turn some entrepreneurs off . If you have a debt obligation from the startup loan, it will limit the flexibility and agility for the business because money is needed to service loan or for loan repayment instead of using it for business growth opportunities. [/QUOTE]
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What are the disadvantages of taking loans for startup business?
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