Would You Consider taking loan for your business?

[Salt]

If the amount required is too much and you don't have any resources then we should go for loan

 

[Inem]

There is no assured business that would start making profits from day one. It is best we avoid loans at all cost.

 

[Salt]

It depends on our situation and how interested we are to start our own business and in case we are then nothing wrong in going for loan

 

[Heatman]

There is no issue if we take a loan to expand or start our business but we need to make sure that our business will be a success otherwise it would be hard to repay and the debt starts growing very soon.

Personally for me, getting a loan to start a business is something that I would never consider for any reason whatsoever because I have never been comfortable when it comes to making use of another person's money that is not my own to run any kind of business I am interested in doing.