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Funding a business
Why you should'nt take a loan in funding a business
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[QUOTE="Yusra3, post: 338042, member: 31907"] Even though making a loan to cover your business can be quite risky concept therefore you should approach it with more than careful consideration. The debt service repayment is independent of the money which come in, hence, the new business is severely cash-flow obliged. Too high interest rates can curtail profitability. Artificial Intelligence is revolutionizing the world of business and finance at an astonishing pace. From smart financial advisors and automated cashierless check-outs to predictive analytics and data-driven decision-making, AI is empowering financial institutions and businesses to become more efficient, informed, and customer-centric. This transformation has also significantly impacted the finance industry in three crucial areas But, the situation in the case when the borrower doesn’t have enough collateral or demonstrated revenue stream, the loan conditions (high interest rate or more collateral that you need to obtain the favorable ones) become really challenging to get. Entrepreneurs must make community investors, grants, and self-reach their highest priority before reaching out for a debt that will probably ruin the company's prospects if the growth pattern is not matching with the expectations and portfolios. [/QUOTE]
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Funding a business
Why you should'nt take a loan in funding a business
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