To borrow or not?

[codescript94]

What's the best way to make a lot of money quickly? Do you think lending money is always a risk? What is the safest way to raise capital for a business? Do you think banks should make it easier for small businesses to access loans? Have you ever taken a loan in your life?

 

[Suba]

To borrow or not, it depends on your needs, there is no quick way to make money quickly, we have to be patient and struggle. The size of the risk of lending money depends on your management, so it is greatly influenced by your skills and experience. The safest way to raise capital is to sell your car, or sell your investments. IN my country there are several banks that have been appointed by the government to provide loans for small businesses without collateral.

 

[Augusta]

I will write never you borrow especially if it isnt really necessary and only borrow what you can readily payback to avoid pressure.

 

[klassicdoll]

As much as possible, it's NOT to borrow. It is easier said than done to make loans and repayments simple. Paying down debt is never as easy as we believe it will be.

 

[freelancermaria]

It's always wise to consider other options before borrowing money. Paying off debts can be challenging, and at times, you might have to take out a loan just to pay off an existing one. Unfortunately, this can create a vicious cycle that is hard to break.

 

[magnus2022]

If borrow is last option, it is better than to stay idle. Once, you know what you will do with the fund, better go ahead than wasting precious time. We should not ne afraid of life, we should experiment it.

 

[AruneBend]

it is a risk the most important thing is to not rush it you need to coculate money to make sure you will be able to pay it back on time

 

[Carson20t]

The major problem that MSMEs are facing is because there is no architectural framework backing their existence. In as much as big players in the market can brag the fact remains that MSMEs are the largest players and contributors to the world's economic growth and liquidity but because we do not know who they are the accolades go to those big businesses as the anchors of development.

So the aspect of borrowing looks at various parameters. The principle is that you should only borrow when you have cash liquidity around you. That means that when you feel you are a liability then there is no need to borrow because the probability to pay back is slim. So as a Macro small and medium enterprises (MSMEs) have an architectural framework around your business and it will highlight the indicators as to whether you can borrow or not.

 

[King Belieal]

Banks should make it easy for small businesses to access loans but they should be a streamlined process that would ensure that risks are minimized and loans utilized properly.

 

[eLdavis]

I think one of the safest way, or though it is considered as one of the slowest for some persons, is to get a job or side hustles to make money for the business.