Borrowing Money For Business

[Niyi Briggs]

I would say that when you want to borrow for an already established business, it should be an amount that you can easily pay if worse comes to the worse.

 

[Shavkat]

As much as possible, it is best not to borrow capital from a bank or any agencies that let people take some loans. A good start of business should not be in the manner of borrowing money.

 

[Reedex]

It is mandatory to get capital for the business and however you get it does not matter.

 

[Springtime]

A lot of businesses need to borrow money to finance their growth. Before taking out a loan, you need to determine the right loan amount; compare the interest rates of different banks/financial institutions; and evaluate your ability to repay the loan. Stay alert of hidden fees and gimmicky offers.

 

[uptrendfinancialsignal]

If you need to borrow money for business you should be extra careful because you should understand the business you're praying for.

 

[Ratine]

Most businesses that rely on the loans to be established are mostly likely to fail in the long run.

Post automatically merged: Jul 30, 2024

Frankly speaking l am not a big fan for loans and for that matter l would look for interest free loans.

 

[Min George]

It is not bad to borrow money from friends and real people for business. Many mega businesses we celebrate today all started with borrowed funds.

 

[Stardom22]

As far as l am concerned the businessmen should very curious on the legibility for the business to repay back the loans and pay for its operational costs.

 

[nomad]

It can be risky but if you do not have funds and you have a great idea, this is the only option available

 

[freelancermaria]

I prefer not to borrow money for my business, not even from my family, as I know it can upset them. Therefore, I would rather save money for the business I like.