To give a loan to someone is determination. For someone that has capacity to give loan,most of these people plans for it. Firstly they look at beneficiaries that have ability to pay back.
Do you give out loan to people who are starting a business?
- Thread starter Bookwormlux
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To give a loan to someone is determination. For someone that has capacity to give loan,most of these people plans for it. Firstly they look at beneficiaries that have ability to pay back.
If actually I am in position to offer a loan for someone who wants to start up a business why not, because we all know that are really in need of financial to start up something.
If the economic situation favors me, and I can reach out to help someone in this way I will do it, personally they have helped me a lot, not to start a business but to get out of a situation. This as long as the person is trustworthy and responsible!
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It is a very good thing that you should try to contribute to the progress of other businesses but not at your own expense. If you are having this situation then I think you should not invest because you do not have any guarantee that the business Will survive
If i ever find myself in a position to give out loan to people who want to start a business,i would do so just to encourage them, regardless of how profitable it would be in future.
Giving out money has loan for people to just start the business is not that simple because most people tend to take advantage of the things that you do for them in which if you're not careful they will not pay back the loan.
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It is only someone who is a philanthropist that will actually be giving out loans to anybody who wants to start up their own business because the money is actually available for him to give out to anyone of his choice.
The loan I meant here is a soft loan by philanthropist, family members and community , a loan without interest because I don't support taking bank loan to start a business.
If I have money I can afford to lost, then yes is my answer. As a business starter, giving out loan to them may be risky because the survival of the business is fifty fifty. Therefore, I will lend to them if I have excess but if otherwise, I won't.
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I don't give out loan at present because I am not buoyant enough to do that. But it is in my plans to help start up businesses if they are having problem of raising. Once the person is able to present a convincing business idea I am going to support it.
Personally I need more money to start up my own business which is going to make it to be very difficult for me to give loan to another person who wants to start his own business.
Yes, it is good to give money out to people who are to just start a business.
Is good to help because most people have business mind and they don’t have the capital to start.
Is good to help because most people have business mind and they don’t have the capital to start.
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There how some people actually very good morning comes to giving people learn to start up their own business in the person of Obi Cubana who really is a huge figure for a lot of people in my country today.
I was trying to give out loan to the people that are starting business but due to the condition of my country I cannot We stand my promise so therefore I promise another time when pandemic is over.
You simply have yo stick to what works for you before you'll lose money unnecessarily. If you're running a loan company then it is possible for you to offer anyone loan.
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Lending someone money is as good as giving someone loan in my eyes. Although the only difference is that there wouldn't be any paper work at all like bank loan.
As long as there is a structure for you to be able to pay me back whatever money that I loan you to start your business it is something that I can actually be able to consider.
How sure are you that the business started with the loan provided by you would generate cash flow enough to pay you back with interest? That's one thing I always put into consideration before borrowing someone money.
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Thats exactly what i said , thinking about their business first and making research on it to know maybe it will generate income fast to pay the debt and the interest because its not easy borrowing people money to start a business.
Lolz, I don't even have the money needed to start up my own personal business or investment talk less of giving it out as a loan to other people. I don't give out loan to people .I invest my money.
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