Gary Barzel
Full Member
Cash: $ 17.20
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Joined: 07 Aug 2011
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You don't necessarily have to take a loan strictly from a bank. However banks cane be more strict on approving loans for small businesses.
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Fri Aug 12, 2011 2:39 pm |
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keshavmish
Full Member
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Location: india
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hi friend
In today's market, any offer of a business loan - regardless of its costs - should not be taken lightly given the fact that these business transactions are hard to come by. Thinking that this interest rate is too high and that a better one will come along tomorrow may just be destructive thinking as nothing may come along tomorrow - especially in this continued sluggish economy and all lenders being overly cautious.
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Tue Aug 16, 2011 6:44 am |
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jainsumit12
New Poster
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Joined: 17 Aug 2011
Location: India
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Getting Loan from Bank is more secure. because, I know its tough to getting loan for Bank. But this best and Secure way. Go for this if you can.
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Wed Aug 17, 2011 12:33 pm |
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multimastery
Full Member
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Depending on your business concept, you may not even need a loan, but then again you may. You really need to ask yourself what exactly do you need the loan for? Are there any other ways for your business to generate the money before taking out a loan? If all your options are exhausted, then you can check into various loan sources that may be able to provide assistance. But definitely do your research and understand what you're getting into. Also, don't overlook the fact that you may be able to qualify for a business grant from the Government.
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Sun Aug 28, 2011 10:57 pm |
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teena.robert
Preferred Member
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Joined: 25 Apr 2011
Location: UK
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Business Loans are really big loans, and the loan amount is big and interest is also high so consumer or businessman should analyze his loan repayment capability and his risk appetite, then he must borrow business loan.
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Mon Aug 29, 2011 1:48 pm |
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chrisgayle
Contributing Member
Cash: $ 7.40
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Joined: 11 Jun 2011
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Loans from banks are more common because it has many advantages. The few are interest lower, non profit sharing, options for multiple loans, convenient and accessible, better tax benefits.
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Tue Aug 30, 2011 7:10 am |
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kirk89
Member
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Joined: 16 Aug 2011
Location: Bavi
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My current bank loan with an interest rate just enough. They revolving funds and loans with high interest rates, which is a common thing.
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Sat Sep 03, 2011 1:59 am |
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marshal france
Full Member
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Running a business is never an easy task. One is bound to face financial hiccups during the process. Whether you are a new generation entrepreneur venturing into a new business or an established businessman planning for a business expansion. Financial institutions offer the business loan to bail you out of the situation of such financial crunch.
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Sat Sep 03, 2011 12:36 pm |
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globaldoc2001
Senior Member
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Joined: 30 Aug 2011
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If you were to ask me, having to borrow money would actually be the worse idea as a starter. Since you will have to worry about your ROI or your Return Of Investment, it will have to move further due to the interest you will will incur from the loans you make. If you can go without borrowing, then that would be the best, as a starter.
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Mon Sep 05, 2011 6:33 am |
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marshal france
Full Member
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Joined: 21 Jul 2011
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its safe to borrow from bank though it is having many formalities.
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Wed Sep 07, 2011 11:36 am |
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fine17
New Member
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Joined: 20 Oct 2011
Location: US
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Usually people take business loans for their business. I have also taken few months ago..
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Thu Oct 20, 2011 6:01 am |
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globaldoc2001
Senior Member
Cash: $ 75.25
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Joined: 30 Aug 2011
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I have some friends who started their businesses through their own pockets. Financial sources were so small, so growth was too slow. Still, they managed. I also have friends who had their growth projections, and did some business loans. They ended up losing money. With the, I think I will be very conservative with loans.
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Thu Oct 20, 2011 12:12 pm |
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