Welcome to Admin Junkies, Guest — join our community!

Register or log in to explore all our content and services for free on Admin Junkies.

Should you get a secured loan for website biz?

Jason1

Loyal member
Joined
Mar 11, 2012
Messages
1,098
Website
www.webtalkz.in
Credits
100
Well, putting your property on the line could be too much. I mean, you'd need a strongly justified belief your site will do something. I mean, if you had something gold like say Mark Zuckerberg did with Facebook, the situation might be justified.
 
Advertisement Placeholder
Yes, rightly said. If you are playing to raise capital, instead of securing loan. Try to get help from venture capitalists. They have good expertise in the domain and they would help you with financial as well as business assistance. This could accelerate your growth.
 
I think that taking out a loan for an online venture can be very risky because there is a lot of websites that are online and therefore you can never be sure if this is going to be something that you are able to succeed in to that extent to pay off teh loan.
 
getting a loan to start a business of any kind be it physical or online is not advisable in my own opinion as you would only need to take a loan if you want to expand your business and not when you are starting out.
 
I firmly believe that a ban should include a right to appeal because, in my opinion, some of those who violated the law did so out of ignorance and without understanding the repercussions.
 
I'll not advise this in anyway. Making money online takes time no matter what angle you want to view it from; it's not a ponzi or get rich quick scheme. You might not make the money back in the time frame you projected.
 
No, i don't think it's a nice idea to get a secured loan for a website business. Most banks and loan facilities do not even give out loans for website business.
 
If you are trying to build an online business (ecommerce website), there is nothing wrong with securing a loan. If you plan just a simple blog and forum how can you get a loan. I mean would you get someone to invest in your blog or forum?
 
It depends on your specific circumstances and financial situation. A secured loan may be a good option if you have assets that can be used as collateral and you have a solid plan for using the loan to grow your business. However, it is important to carefully consider the risks and responsibilities associated with a secured loan, such as the risk of losing your collateral if you are unable to repay the loan. Before taking out a secured loan, it may be helpful to speak with a financial advisor or business consultant to assess your options and determine if a secured loan is right for you.
 

Log in or register to unlock full forum benefits!

Log in or register to unlock full forum benefits!

Register

Register on Admin Junkies completely free.

Register now
Log in

If you have an account, please log in

Log in

Would You Rather #9

  • Start a forum in a popular but highly competitive niche

    Votes: 10 28.6%
  • Initiate a forum within a limited-known niche with zero competition

    Votes: 25 71.4%
Win this space by entering the Website of The Month Contest

Theme editor

Theme customizations

Graphic Backgrounds

Granite Backgrounds