Major challenges to start a business with loan.

[Hena101]

There are some problems associated with stating a business with loan one of those problem is fear of losing or failure in the business and then the interest you will return with the loan.

 

[GIFTMICHAEL]

Taking of loan is never a good idea for a new business start up. That's simply causing more harm to our newly created business to suffer early list funds.

 

[Josephjossy]

It is very risky to start a business with loan but if you can start the business and make it stand very well, you can now pay back what you borrowed. But it is very risky if the business fail. You won't be able to payback that loan you borrowed

 

[Setfragil]

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

Starting a business with loan is not totally a bad idea because it is not everyone that will be able to raise the capital needed to establish one. You can take up a loan to finance your business provided that you are certain that the business will be able to pay back the loan.

 

[Kelly5]

The major challenge in starting a business with collection of loan is that, since businesses cannot be predicted with a degree of certainty of either becoming profitable or not, you run the risk of not being able t pay up your debt if the business fails at the end of the day

 

[ahmedo24]

Starting a business with loan is not totally a bad idea because it is not everyone that will be able to raise the capital needed to establish one. You can take up a loan to finance your business provider that you are certain that the business will be able to pay back the loan.

You are absolutely right, there are people who has been into business before either through partnership or apprenticeship, so to an extent they have knowledge of the business and they can take loan to start such business which most time they break even.

 

[eLdavis]

Starting a business with loan puts you under edge in the sense that all your main focus would have to quickly make out the money to pay back the loan, and this might actually make you take wrong decisions.

 

[Josemendez]

Starting a business with loan puts you under edge in the sense that all your main focus would have to quickly make out the money to pay back the loan, and this might actually make you take wrong decisions.

Exactly , the person have to divide his profit into two , one will be used to pay for interest and the other for running the business . It is not a good thing for a start up business

 

[Lens]

I will advice you not to start a business with loan except you have another means to pay up . A new business will likely not bring in profit for the first 3 months and the loan shark will want you to repay loan irrespective of the fact that you haven't make a dime from the business.

 

[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 truth of the matter is that it's always very difficult for you to have the right amount of money needed for you to start up a new business. It's why people take bank 🏦 loans.

 

[eLdavis]

Exactly , the person have to divide his profit into two , one will be used to pay for interest and the other for running the business . It is not a good thing for a start up business

Very true, with his or her mind set on making sure they achieve the money to pay back the loan,they may nolonger be focused on improving the business at that early stage.

 

[Richard92]

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.

One of the major challenges starting a business with a loan is the interest rate of the loan most times it frustrates the business owner because he or she has to pay the interest first before paying the actual money.

 

[Setho]

You will actually experience some dilemma if you start a business with a loan especially if you do start a small business as there are challenges.

 

[babdud02]

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.

I think the fear sometimes is a normal thing and it might even help the business sometimes because you will never forget that your capital is a loan you borrowed and you have to pay it back

 

[GIFTMICHAEL]

The interest rate is a big problem for borrowers, and the repayment penalty. If you feel to meet up deadline for the repayment, surely what is agreed on the terms and conditions will be pronounced, which is very disheartening indeed.

 

[Setfragil]

The major challenge in starting a business with collection of loan is that, since businesses cannot be predicted with a degree of certainty of either becoming profitable or not, you run the risk of not being able t pay up your debt if the business fails at the end of the day

Before you take a loan to establish any business, you must be certain that the business is the type that will make profits to pay back the loan at the agreed period or else it is not advisable to take a loan to finance such business.

 

[Josephjossy]

The major problem of starting a business with loan is not been able to payback the load if the business didn't succeed. If you are not able to manage a business, avoid getting load from the bank because it may not work as planned

 

[Ralphjoe]

To be honest, In all ramifications, it is not that advisable to start a business with bank loan. Business is unpredictable, it may yield profit or loss depending on various factors. Inability to repay loans secured from bank may put the business owner in problems he doesn't even prepare for.

The thing is that you are actually very right that it is not advisable for one to start a business with a bank loan but bank loans are more appropriate in a situation whereby the business is already in existence and it is aiming to expand its operation and its size.

 

[Lordfalcao]

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.

For me personally I really think that it's should be that the fear that I can't make it up and pay back there by losing my collateral it's so painful and disappointing too to witness

 

[Prettyjanie]

The major problem with starting a business with loan is that, you may not know if the business will succeed and irrespective of whether the business succeeds or not, you must pay back the loan.