It is only if you are sure of making fast profit because there is no advantage in taking loan to start a business because most times paying it can be very hard.
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It is advisable to get a loan from the bank when a business has passed its beginning stage though. Getting a bank loan means you favor independence and don't mind pay back interests versus giving up some equity of your business for an investor's money.Borrowing money to establish a business is also a viable alternative for retaining firm ownership. A start-up business loan may be the ideal option to finding investors, who may ask for a stake in the firm in the coming years.
It is advisable I'll state why. Borrowing to invest as long as you have a solid idea of how to run that investment is the only advised type of borrowing; that way you are expanding your capacity because you're investing on something that would bring in returns for you
Sometimes feasibility studies all research might be showing you a green zone in the business but in reality they are maybes challenges which you may not know from the research so the best thing is you can start little with you honey personal savings to know the realities about the business before taking a loan will be better.I think it is advisable to take loan for a business. But only after doing your research and planning really well that you actually know what to do in order to earn profits. Otherwise, looking for other sources of capital is better and more safe.
If it's possible for you to avoid all things that will lead you into securing financial loan to start a business I believe it's the best option but if you don't have an alternative of getting money for your business then you have to make use of what is available for you.Is the idea of starting a business with a Loan from bank advisable??
I don't think it is really advisable. This is because no one knows whether a business will succeed or fails. But it is not a bad idea to expand business with loan.Is the idea of starting a business with a Loan from bank advisable??