Major challenges to start a business with loan.

[nimzy]

if you are starting a business with loan is very terrifying that is alot of fear and tension thinking what if the business doesn't prevail what will you do to recover the loan

 

[tyrim88]

Starting up a new business is always challenging, ... thWhen starting a new business you need to have a good business plan and experience for every thing ahead,it is very furstating to start a business with loan because the business which are started with loan have a lot of challenges

Experience is very important,especially in a new business line,because the terain is relatively unknown and most forcast is mainly theoritical different from the actual market reality.
So getting a loan at this stage is a no no.

 

[Erik4150]

Starting business with a loan can be quite tricky because sometimes the chances of you repaying that loan us dependent on whether your business does well or not.

 

[Victor001]

Starting a business with loan will put you under pressure, and you will be compelled to work beyond limits which in most cases can cause loss in business.

 

[Setho]

In my own opinions there are three risks you have to avert to get the best out of a loan and that is.
You face having to lay a high interest rate that may not be good for the business.
You face having to pay the money within a short period of time.
The business on its own might not even go as planed.

 

[Ehizzy1]

If you don't have the capacity to start borrowing loans and you can necessarily get finance from your family and friends ,then from there you would make money to finance the business

 

[Mostee501]

Starting up a business with a loan requires a good business plan and an expert to help see through it because you will have to clear your debts with interest.

 

[Setfragil]

Getting a loan to start a business always doesn't give us a rest of mind because of the accumulating interest on the loan. However, getting a loan for business start-up is not totally a bad idea if you are sure of the business we want to use it for.

 

[Good-Person]

Yes, the biggest disadvantage when it comes to taking loans is that you might not be able to return it. Secondly, the second disadvantage is the fact that you must pay interest on loans. Thirdly, you must mortgage your property when you apply for loans. These are some of the major disadvanatges.

 

[Shigobad2020]

starting a business with a loan is not advisable, cause it ties down the profit of a business, all the profit you get from selling will be used to pay back the loan, profits that is suppose to increase the business and also live on will now be directed back to paying loans, there's no way such business will grow, and the owner of the business self won't grow financially.

I won't advise people to start a business with loan because it has many disadvantages and one of it is that , you will always be thinking about the loan and it will be affecting you from working well and building the company.

 

[Setho]

Most a times , starting a business especially a small business on loan is a burden. That is why I prefer that you should explore other loan options other than this.

 

[Heatman]

One of the major challenges of starting a business with loan is the fear you have. Try not to start a business with loan because you will have to return it with interest.

The One challenge that I find when it comes to getting loan to start a business is actually going through the stress of actually paying that loan by especially when the business is not going as planned.

 

[Kunkun]

Like you said starting out a new business with loan can indeed create fear especially if the loan is from a bank with collateral in place already, the urge to succeed would be higher then and if care is not taken mistakes might be made

 

[Fizzy_boi]

Starting a business with loan isn't bad at all you just need to do it well or maybe I should say it depends on how you handle the business it's actually ok just do it the right way.

 

[Setho]

I think the major challenge associated with starting a business with a loan is that fear of the business failing and also the problem of high interests usually attached to loans.

 

[Stylex]

Well I will like to advice you never ever to start a new business with loan because you don't know wether the business will be effective or not and at the end one must pay back the loan with interest,you see it's risky.

 

[Chibson]

I always advise people against starting any business with loans. This is because it is very risky in the sense that a business may grow wrong on the long run and you will go into debt.

 

[Setfragil]

I always advise people against starting any business with loans. This is because it is very risky in the sense that a business may grow wrong on the long run and you will go into debt.

The is nothing as frustrating as starting a business with a loan. Taking up a loan to start a business will put so much pressure on the the business owner in trying to meet up with the repayment of the business

 

[Mika]

If you have done research and have a solid plan, you can start a business with a loan. before you take a business loan you also need to have an answer to what if I fail.

 

[Jlife]

The major challenges when starting a business with loan is that you will not be free with the business, you really need to be careful because any mistake in the business can actually make things to be worse, you really need to be careful with it