Is it better to get finance for your business from loan?

[Ratine]

It's very possible but l don't really recommend it to anyone because it's very risky.

 

[Nite]

If your business does not generate enough revenue to repay the loan, you could end up in a cycle of debt that is difficult to break free from.

 

[Hate2Wait]

It is better to go for a loan as its not wise to risk our own money for big business projects and taking loan is best

 

[Nite]

But you also need to evaluate the loan's terms and conditions, particularly the interest rates and repayment timelines.

 

[Hate2Wait]

I don't think its a good idea to use all our sources and finance our business because that can put us in a very worse situation if things don't work

 

[Stardom22]

Getting business finances from the loans is a personal issue however for me cannot recommend anyone to.

 

[IB D]

I won't advise anyone to finance a business with loans. If some has succeeded with it, then it is good for them.

 

[Nite]

Some entrepreneurs may have succeeded in growing their businesses through loans, but there is always the potential for financial strain and difficulty in repayment.

 

[Hate2Wait]

I think it's better to go for loan as it's not a good idea to use all your internal sources to finance your business.