Major challenges to start a business with loan.

[Alexandoy]

The major challenge is you know you will pay with interest and that the money is not yours so after a specific period of time you must pay back whether the business stands or not.

Usually the bank loan has a monthly installment to pay. Every month that amount of installment will interfere with the monthly budget. It is good if the business is earning a good profit. But if the business is struggling with the profit then the monthly installment will add to the burden.

 

[Oliver4smile]

Well, there are some businesses you can start with a loan, an example is if you are planning to get a car to be used as a can. But if your are planning to start a trade business, it's better u get half of the money yourself, the remaining half can be loan though.

 

[GIFTMICHAEL]

The reason they might be committing suicide is because they have search within themselves and they do not know of any possible ways they can work to raise the money they have lost in the business to the owner.

Such situations we don't hope for. We are hoping for a turning point. Because the future explains it the best when we believe in our hard work.

 

[Bousine123]

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.

You have a really valid point my friend. Taking a loan will also limit you from taking risks that will move your business forward. It's better you don't take one.

 

[Favouredgirl]

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.

Starting a business with loan is not a good idea since you will have to pay the money with interest in a specific or given time, in a case where the business needs time to build it you'll end up paying the loan with the capital used in starting the business as you are yet to make profit from the business and also source for money else where to complete the payment.

 

[Ralphjoe]

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.

Well if you really know that the business that you want to start up with definitely become successful I do not see any reason why you should not take a loan to start of the business.

 

[Filicit]

One of the biggest challenge of starting a business with a loan is repayment, some businesses have gone underground because upon starting money kept going for repayment and production reduced and later died.

 

[Shigobad2020]

Well if you really know that the business that you want to start up with definitely become successful I do not see any reason why you should not take a loan to start of the business.

If there is one hundred percent possibility that the business will yield a positive income early , then the loan is adviseable but if its under possibility , then its not adviseable to start a business with a loan.

 

[Setho]

A lot of people would say that the challenges that they usually encounter is the time frame that is given and as such are under pressure to pay the money on time.

 

[nimzy]

It is not easy to start a business with loan that's money collected from someone wether institutions or individuals. first you will be afraid to loss the resources, fear of risk, thought of your capability to handle the said business with other many challenges which you will afraid to faced them.

 

[Heatman]

Starting a new business with loan is not a very good decision because you are going to be facing a lot of pressure in order for you to be able to raise the money back to pay back the loan.

 

[Ghost]

A loan puts one in burden, don't know for everyone but me in particular, and the part which you have to pay with interest. You are already losing

 

[tuna89]

The interest matters a lot and asides that, you may have to service or pay back the loan with all the profits of the business, just save some money and start,no matter how small

 

[Shigobad2020]

A loan puts one in burden, don't know for everyone but me in particular, and the part which you have to pay with interest. You are already losing

Using a loan to start a business is indeed burden in the sense that you as the owner of the business will always be thinking about the stipulated time of the loan and even if you manage to get the money, the money removed to pay the loan will always affect the business.

 

[Dagm1]

Beginning a company is actually currently dangerous specifically if the competitors is difficult as well as the strategy is actually certainly not that strong. For that reason, utilizing a lending to begin a company is actually much more difficult. When business stopped working, paying out the lending will be actually a huge component of the issue. It is like increasing the dangers as well as the stress.

 

[mcjerry]

I also have fear of taking a loan for business. The fear of the loan is enough for me not to concentrate on the business. The last time I took loan from someone to do a business, I almost lost the total money

 

[Ralphjoe]

Starting a business with a loan is one of the major set backs that affect present day businesses, when one starts a business with a loan, the growth of such enterprise is very slow or might now even grow at all, loans should be used to finance an already existing business and not to start it.

To be truthful and factual I do not think that there is anything wrong with taking a loan to start up a business because business is something that is capable of making somebody reach so taking a loan for any business idea that you trust will do well in the market shouldn't be a big deal.

 

[Heatman]

Getting loans to start a business is probably the last option that I'm going to consider because the kind of pressure that comes with it with your new business is not always funny.

 

[tyrim88]

One major problem with starting a business with loan is that you will not be focus on pleasing your customers, your main priority will be to make profit and more profits so you can pay back your loan. It is very fustrating to start a business with loans, the business can only survive when it pays more (huge profit) .

This is usually the experience of a business person that go all out to borrow money to finance his project or business,the pressure will be too enormous and this will make you have less time to satisfy our customers or take in their suggestions.

 

[Senator]

One big challenge if using loans or starting a business using loaned money is that you are always going to be having that fear of what if I don't succeed in this business. This is a major thing with collection of loans for business that I don't like