Can you start up a business with loan?

[Henrywrites]

And some of their interest rates are very high and they keep getting bigger when you fail to pay as and at when due.

That is another downside to starting businesses with a loan. I won't recommend it at all.

 

[Heatman]

That is another downside to starting businesses with a loan. I won't recommend it at all.

It's why I don't consider it. I have seen people who lost their big assets all because of loans.

 

[Henrywrites]

It's why I don't consider it. I have seen people who lost their big assets all because of loans.

The loan guys will always come for those assets when things go south. That is another big challenge with getting loans from the loan sharks.

 

[Heatman]

The loan guys will always come for those assets when things go south. That is another big challenge with getting loans from the loan sharks.

It always feels like they are banking on you to fail so they will come for your collaterals.

 

[Henrywrites]

It always feels like they are banking on you to fail so they will come for your collaterals.

That is true! They want a failure so that they can be in business.

 

[Heatman]

That is true! They want a failure so that they can be in business.

Seriously, I feel they use jazz or vodoo against their clients.

 

[Henrywrites]

Seriously, I feel they use jazz or vodoo against their clients.

The thing is that some borrow money for things that are not worth it. It always backfire.

 

[Heatman]

The thing is that some borrow money for things that are not worth it. It always backfire.

Only stupid people do that because it's not justifed at all

 

[Ja sa bong]

I have never taken any loan in my life and I'm not planning on doing so to start a business. What will happen when the business doesn't become successful? I'll be in debt, no sir, thank you. Keep your loan.