Monday, January 21, 2019

Loan Interest ......

Loan Interest can be nightmare


 Related imageIf you are going to start a business and thinking to take a loan from the bank ? or you need it for something else. In both cases, a friendly suggestion is that to avoid it. Better option is 


1. Borrow money from friend/ family.
2. Do some savings, Part time job, Extra hours.
3 Start from little. It will decrease your risk of loss and you can add more capital step by step


You know why?

Bank loans have interest and interest eats your profit.
Business take time to settle. Also if it make some profit in start it will may be going in loan payments and may be then you need anothor loan  to meet your expenses. or maybe you face hard time.

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