How a business loan can affect our business

[allison001]

So many entrepreneurs do get a loan to invest in their business. Though this will help grow and promote the business, it can as well affects the business negatively. What's the negative impact?

 

[Augusta]

Getting loans means paying back with interest. If the loan interest is high then it can reduce the profitability of the business which is a negative effects on the business

 

[King Belieal]

Getting loans means paying back with interest. If the loan interest is high then it can reduce the profitability of the business which is a negative effects on the business

It is even the part that you have to pay within a specified timeframe that knocks me off. In this uncertain business world, something can just happen and you can't meet up with the repayment.

 

[emira]

yea that's true cause it is called business for a reason and sometimes it doesn't favor all

 

[Fidelia]

Some people have actually been able to build a business with bank loans but it is not always easy. It can drive you insane.

 

[Augusta]

It is even the part that you have to pay within a specified timeframe that knocks me off. In this uncertain business world, something can just happen and you can't meet up with the repayment.

Yeah you are right. The duration some lenders work with can be a tight one and you might become very anxious since you want to meet up with the timeframe