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Would you say that loans helped you start that business?

Xtynehappy

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For me l can say that of all the business that l attempted using the loans did not make it to the goals. That because one works under pressure on repaying higher amount of money than the much you received to start the business. So the loans kept on consuming the business profits and at times eating up the capital which results into a bad ending.
 
I do not own a business. If I want to start one, I may use a portion of my savings and then apply for government loans. The interest rate is much lower than that offered by banks. Of course, you have to meet with certain requirements to apply for government loan.
 
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