Taking loans

[bestwriter]

When big projects and or purchases are involved it is always good to take loans rather than spend one's capital. This way your capital remains intact and the loan is normally repaid in installments. There will be an element of interest but your capital also generates income.

What is your opinion?

 

[Stardom22]

I don't like the Idea of paying higher interests on loans when l have my own money that l can invest in business.

 

[nomad]

If you do not have a plan B, do not take loan. Plan B means your plan to pay back the loan when your project fail

 

[Stardom22]

I see the taking of loans as very expensive venture for sure because of the exorbitantly interest rates charged over the loans.

 

[Ratine]

I think there are much risks to the businesses that comes with the taking of the business loans.

 

[Etini Willie]

I have not really been a fan of loans. I would rather prefer to do the project bit by bit with what I can afford.