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| *Loan,banking and credit>>>bank loan |
I do not have cash for business capital, I will loan capital money from banks, do you think this is wise? |
The business is food and I prepared the feasibility it is wise to borrow from the bank if your profit can cover the interest. the difference of your gross profit minus the expenses of which includes the payment of interest plus a certain amount to gradually diminish the capital borrowed is your net income. make sure your business will do well. if your business will not do as expected, be sure to have something to lean back on. Going into business, especially the food business, can be very "risky". You can try to borrow the money, but, depending on the financial institution, you may have a difficult time. This is compounded if you do not have work history in the food industry. Alot of things look good on paper, it's the implimentation and hard work and long hours that will ultimately get a business off the ground. Industry experience is also a requirement for many lenders. Good Luck, is that a fly in my coffee?? |
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