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That is another downside to starting businesses with a loan. I won't recommend it at all.
Can you start up a business with loan?
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Thread started by Henrywrites
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.
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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.
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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.
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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
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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.
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That's risky.
However I do know that....it's difficult to get the business running with limited resources (_ _)/
However I do know that....it's difficult to get the business running with limited resources (_ _)/
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I wouldn't want to start a new business already in debt up to my eyeballs. I'd be afraid that I'd never dig myself out of that whole.