Should you get a secured loan for website biz?

[Jason]

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.

 

[Busybee]

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.

 

[BrolySSJ]

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.

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.