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.

 

[Stardom22]

Loans are not the best option for the financing of the business for that reason.

 

[Hate2Wait]

It's the best option because in case your business does not work well then you can declare bankruptcy and your personal assets will be safe

 

[cherry123]

Short term loans with low interest is no issues at all you can use that to fund your business

 

[Hate2Wait]

It is the best option and can save you from going bankrupt and that's why we need to utilize banks for loan

 

[Clandestine]

I don't think I would have the guts to opt for loan to finance a startup. Maybe, an existing business but the loan amount would be too small that I can pay.

 

[Hate2Wait]

It is better to not take risk on your own money because if things don't work then you may have to face very bad situation

 

[SHAHID987]

In my view it doesn't remain suitable to finance your business with loan. Being a small businessman I never did this because I know it will increase my stress level.

 

[Hate2Wait]

I have seen people make mistakes by arranging money from their own sources and then regret at later stage, they should ideally go for bank loan

 

[Ratine]

It depends on the type of businesses being dealt with. The more profitable ones are very ideally with loan financing