Loan: Measure means to grow your business using loan – Loan is a certain amount of money borrowed in a way to support your business or your company which will be paid with interest. Collateral are requested most at times but this depends on the institution through which you are getting the loan from. Getting the loan is not the issue, the major challenge is getting something meaningful from it and being able to pay back as at when due.
Loan will serve its purpose when the reason why you collected was what you used for it. Don’t use the money you collected on loan for burial, wedding, building of houses; use it for what it is meant for. You can get anything you want after paying up the loan. The profit you would make will be ploughed back to the business look big before you can settle issues.
No one prays for problem or expenses, but I would advise you continue managing the way you’ve been doing to enable you meet up. If possible, don’t allow your family members to visit you for that period till you hit the target you set.
Life is a goal, if well played, enjoyment becomes the bedrock after the long run.
Before you borrow money or take loan, make sure you’ve set what you would use the money for to avoid making mistake that would lead you to downfall. Check the dos and don’ts of the business before embarking on it.
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