Major challenges to start a business with loan.

[Tariq Nazir]

Starting a business with loan is very risk, because the business itself is risk, there some certain things to consider when planning to establish a business. The first thing is business plan , and. The other to consider is completion.

 

[Bagg victor]

starting a business with a loan is not entirely 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.

 

[Yomiside]

Major challenge of starting a business with loan is fear of paying back the loan
Because your business may not bring return so quickly. With this in place, there may be fear if just working without no achievement. But it all depends on the modality of the loan

 

[jimmann247]

That's just the simple truth, starting a business with loan is fear, fear of not making it, fear of loses, you will be thinking how you will pay back instead of concentrating on your business, make sales, make profits before paying your loan.

 

[Waqas wajid]

When we do a business with a loan, there are many challenges in front of it. First of all, we have to repay the loan and then we have to do the best production.Workers are so good that whenever we do a business with a loan, we face a lot of problems. We have to repay the loan.Our products will sell well so people who start a business with a loan face a lot of difficulties.

 

[KvngMurphy]

One major challenge with starting up a business is finding a good location for your business. If you want to start a shop I’d say: yes! Otherwise I don’t know. But what I do know is that finding a good business location at the right price is definitely not easy. How do you get a location that has a rapidly growing population, good road network and other amenities at a good price? Well, you will have to figure out yourself. Nowadays many office buildings are empty due to the financial crisis, and rents are negotiable.

 

[Olahab]

Managing cash flow is a perpetual struggle for most business owners. According to the 2019 Small Business Trends report from Guidant Financial, 33 percent of small business owners surveyed cited a lack of cash flow as their greatest challenge.

 

[chommyluv]

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.

Its not an option to start a business with a loan. No one knows tomorrow. When you borrow money to start up a business..many thought will came into your mind; what if i didn't succeed in the business, how could i been able to pay up the loan

 

[eenya001]

This is something I usually advise people against, taking a loan to start a new venture, it is very wrong in every sense of the word, please do well to avoid it, because it brings unnecessary pressure to you and your business, and you are suppose to take a loan for expansion and not for starting up.

 

[jagabaney]

Lack of cash flow. Managing cash flow is a perpetual struggle for most business owners. ...
Sticking to a budget. ...
Marketing. ...
Lack of capital. ...
Unforeseen expenses. ...
6 Ways Slow Payments Affect Small Businesses. ...

 

[Abbeyola]

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 major challenge in starting a business organization with loan is the inability to pay back the money that has been collected to start the business organization,the interest rate is another issue, because most of interest rate are too much.

 

[Ebensco]

Don't ever try to use loan to start a business rather use loan to grow a business
because by that time you are sure of were the money is going
and I will tell you a story of a friend
who use loan to start a business he do not know the future of
so at the end he regret it because the business later crash
so I don't advice anybody to collect loan to start a business

 

[Marissa]

Initial a business is already dangerous particularly if the competition is hard and the proposal is not that solid. Hence, using a loan to start a business is even more interesting. When the business unsuccessful, paying the loan would be a huge part of the difficult. It's like repetition the dangers and the heaviness.

 

[gbadebo9]

Major problem someone will having start business with loan. The first things to do look for a financial institutions with little interest which someone can manage himself with it . Is not advisable to borrow from commercial bank at the beginning because vof their outrageous interest which can kill business at the onset.How to repay the money must be spelt out in order to juxtaposed what will be paying at the end of the months before it finished it.The major problems some of is encounter is that we may not be able to meet the terms of agreement. I would like to use this medium to sensitized their people to know the kind of financial institutions the borrowed money from.

 

[Husnainali]

Your debt-to-income ratio is also vital – the more debt you have, the more difficult it will be to get approved. For new small business loans, lenders prefer a 1.35 debt-to-income ratio. ... This is especially important if your new business doesn't yet have steady cash flow. Some lenders will request collateral

 

[sam386150]

There are a lot of challenges in business so it is not advisable to take loan to start a business, so it is better to start a business with your capital and see the value of a business before you get loan into it.

 

[Nemezy]

Mo

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.

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Your debt-to-income ratio is also vital – the more debt you have, the more difficult it will be to get approved. For new small business loans, lenders prefer a 1.35 debt-to-income ratio. ... This is especially important if your new business doesn't yet have steady cash flow. Some lenders will request collateral

starting a business with a loan is not entirely 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.

Most challenges people face when starting a business is not mostly money problem, their problem is that they dnt know the right form of business to under.they can hardly differentiate their immediate want and need .

 

[McChris]

Is not that good to begin a business with a loan but it depends were you take the loan and also the type of business you want or you start with the loan. So it is not good to begin a business with a loan and also it affects because you will be fighting to make up with your promise to the person you take the loan from

 

[Mandypaul]

Pit is not a wise decision for you to start up a business with a loan that can probably be because you do not have any good plan about that business because you should have rest money on your own and start up a business than for you to depend on a loan and start up a business.
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Pit is not a wise decision for you to start up a business with a loan that can probably be because you do not have any good plan about that business because you should have rest money on your own and start up a business than for you to depend on a loan and start up a business.

 

[Milz]

I do not agree with your points. If after testing a particular product and I have a huge customer base yearning for my product, if I do not have the capital to source for this product, how do you think I will go about getting them? Wouldn't it be advisable for me to go for a loan?