Starting a business with a loan

[Stardom22]

It depends on the type of the business itself that is started using the loan capital. Some higher profit margin based like hardware business, packaging materials business among others can survive very well with loaned capital.

 

[LoukiaCharilaou]

I believe that it is not wise to start a business with a loan but with a small capital until you see the progress of the business.

 

[Starmix]

Once start a business with a loan, your thinking is focused on the loan and not on your business. It is good to start with our own money because we can adjust our actions and can rest well.

 

[nomad]

It is better to start small instead of getting a loan. You will have to start paying a loan long before you can actually generate sales.

 

[Yugocean]

When you will apply for loan, bank will check your credibility, so it's not the end

 

[bestwriter]

That is what is normall done by wise businessmen They do not touch their capital but take loans initially.

 

[Bisolami]

That is what is normall done by wise businessmen They do not touch their capital but take loans initially.

I know some businessman who do this and it usually end up well but it means that they have already made the proper research for the business and they know about it very well

 

[IB D]

Starting a business with a loan is the real definition of risk in starting a business. It is something that I can't personally do.

 

[cherry123]

For a starter it is not good to start a business through a loan unless you already have an established business to just add the money to your business operation.

 

[Etini Willie]

I have never considered the use of a loan to start a business because I don't think that it is viable.