Is it advisable to start a business with a loan?

[eenya001]

Don't take a loan to start a business, only take a loan when you want to expand the business, as you don't know some of the uncertain situation you would face that may hamper your business success.

 

[Danny4cash]

Since you need to get capital as quick as you can in order to start the business at the right time, you will need to take loan to achieve your plans. Business idea needs you to get capital as soon as you can in order to generate at that period.

Sometimes what you plan for a business will not come to pass. Why do you think some business fail? Starting a business is different from thinking of starting a business. This why it's not advisable to borrow money to start a business. It's too risky.

 

[Ernestnari]

A business started with a loan would find it very difficult to grow. When you factor in the pressure of paying back loans with interests, it is genuinely not proper to start a business with loan.