The truth is that we can still run a business and be successful at it with a loan but the outstanding thing Is to be very careful about it.
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Has anyone been successfully in operation of the business with loan funds?
- Thread starter Stardom22
- Start date
Many businesses do struggle with loans, but success often depends on effective financial management and strategic planning.
I have actually seen a woman that started a poultry feed business with a loan and has paid back everything. The bank are even begging her to come take another loan but she doesn't want.
In my opinion the businesses that are being operated on loans tend yo make very less profits compared to those that doesn't.
eLdavis
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I have never tried starting my business or any thing with loan before. I prefer saving my own money to do whatever I want to do.
You can still succeed with it but you just have to be careful with the interest rate to avoid getting stuck
