Bank loans are way far much cheaper compared to other lenders. I really appreciate Bank business loans due to low interest rates.
Do you prefer taking business loans from Banks
- Thread starter Xtynehappy
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eLdavis
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I think in cases like this, taking bank loans might be the best, though I am not a fan of taking loans.
Yes if I have to go tjr route of borrowing I wouldn't mind taking a loan from the bank with very low interest
The best thing with bank loans is that they give good amount of money for one to service their businesses efficiently
In my city, other than banks, there are many financial institutions which lend money. Their interest rate is usually lower than the bank.
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It's not a matter of liking or disliking, sometimes running a business requires capital, and we need additional capital so there's nothing wrong with taking a loan from a bank, some government banks have assistance programs for small businesses with low interest rates.
Banks and their activities are regulated by the government and they can't afford to be exploitative to the customers that seek loans from them.
