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[Josemendez]

Among various ways of funding a bussines such as personal savings , money from family and friends , government aid etc.
Loan is another medium for funding a bussines.
Most times , entrepreneurs are motivated by the collateral they used in securing the loan thus they work hard to pay back the loan .
Other times it pressurizes them and makes them unable to take quick decisions that will grow the bussibecause they don't want to lose the money .
Entrepreneurs who borrow loan most times fail simply because they failed to take the right call because they are afraid of losing the money whereas it motivates others to hard work.
Is loan a good source of funding for new bussines?

 

[Harrifar]

A loan can be taken only if you 100% know that your business will be successful, although at first it will be very difficult. It will be necessary to give a loan and + until the business begins to make a profit this month 3 - half a year.

 

[Brain]

I don't think taking a loan for a new business is a wise business action. A business one just venture into will be personal money or money from relatives because of the huge risks involved. you can later go for loan to expand it.

 

[Reznov]

never go for a loan unless you're 999% sure that it will success , if you business fails , you won't end with having a failed business only , but with a high loan to pay as well + fees

 

[Dandil]

Based on my experience, yes, loan is a good funding for new business. Secured loan really helped me when i was opening my business several years ago. I put as an asset my flat and was confident that if business wouldn't be succeed I could pay off my credit. However, everything was okay. But to get secured loan was really nice decision because I got good conditions of payment. Usave helped me in this. On their website I found all necessary information about this type of loan. Also here you can compare current offers and to choose the ideal one exactly for you. However, you can read a lot of positive reviews about them to be confident that they are really professionals guys.

Hey, I know this website.

 

[SCAMEXPOSER]

Based on my experience, yes, loan is a good funding for new business. Secured loan really helped me when i was opening my business several years ago. I put as an asset my flat and was confident that if business wouldn't be succeed I could pay off my credit. However, everything was okay. But to get secured loan was really nice decision because I got good conditions of payment. Usave helped me in this. On their website I found all necessary information about this type of loan. Also here you can compare current offers and to choose the ideal one exactly for you. However, you can read a lot of positive reviews about them to be confident that they are really professionals guys.

Thanks for this wonderful information but I guess this Usave site may not be available for all country cos I have not heard any of my country people talk about it .

 

[Spider]

never go for a loan unless you're 999% sure that it will success , if you business fails , you won't end with having a failed business only , but with a high loan to pay as well + fees

I definitely agree with this, although, I hope you're old and mature enough to start a bussiness on your own, not everyone is able to do so... Believe is the only way you can success.

 

[hibi3454]

Hey there, this here is a great write up job done by you. I believe that taking up a loan is a good source of capital if you are able to understand that it is a liability that must be paid off, if you are unable to understand this it is likely your enterprise will fail

 

[a_jerobon]

Among various ways of funding a bussines such as personal savings , money from family and friends , government aid etc.
Loan is another medium for funding a bussines.
Most times , entrepreneurs are motivated by the collateral they used in securing the loan thus they work hard to pay back the loan .
Other times it pressurizes them and makes them unable to take quick decisions that will grow the bussibecause they don't want to lose the money .
Entrepreneurs who borrow loan most times fail simply because they failed to take the right call because they are afraid of losing the money whereas it motivates others to hard work.
Is loan a good source of funding for new bussines?

If there is no other source of funding for a business then I think that taking a lone is the best thing to do. One should however take the loan with the right mindset; knowing that they will first have to pay it back before they can start enjoying the profits.

 

[Nour Moh]

Yes, loans are a way for funding but I think there are better ways like crowdfunding. And there are a lot of crowdfunding platforms . I think you better give it a try.

 

[Mbwolf]

I don't think it's a good idea
ral entrepreneurs find investors for their startup's they don't go for a loan
so try to find investor for your start up

 

[Loveth05]

I don't advise people to go for loan to start up a business cos if anything happens the owner of the business is at stake of running into debts.

 

[apeter]

Loans can mean the extra money you needed at hand to start your business, but my view is never rely on them, if possible, at all. If you use it as a tool, and take a loan you could easily pay back if you would open up your various assets, you are safe, you may loose some money in the end, but not loosing your house or something.

 

[Nonachy]

I think loans should only be considered if you're 100% sure the business will be successful. Like a business that people have already pre-order for the goods or services you're offering. But if you're testing a business idea, I won't advise you acquire a loan.

 

[TheAvenger]

To be very honest with you, loans are not generally good for starting up a business. The only instance you can try is when you are very sure the business will be a huge success at a start

 

[SCAMEXPOSER]

To be very honest with you, loans are not generally good for starting up a business. The only instance you can try is when you are very sure the business will be a huge success at a start

You are right, majorly for already existing business probably you try the business in a small scale and it worked perfectly you can then take loan to boost it otherwise not a safe one.

 

[Balint098]

Unless you're 100% sure that your business will take off without too much hurdles, never take a loan to kickstart a business. In fact, borrowing money should be discouraged in any entrepreneurial lesson.

 

[Rassy011]

Getting a loan for a start up business is not advisable because it will put pressure on the owner to succeed and no business can guarantee that,it's best to start up with your own funds first and as the business grows you can take a loan to expand the business

 

[Reznov]

Getting a loan for a start up business is not advisable because it will put pressure on the owner to succeed and no business can guarantee that,it's best to start up with your own funds first and as the business grows you can take a loan to expand the business

not only pressure, but you really can't know the future of that business, it might be a brilliant idea in your mind and you might be wrong in most of the cases

 

[Rassy011]

Yeah, because a business idea that looks good to you might actually be thrash that's why it is good to research and study very well before starting a business