Things to consider before taking a loan to finance a businessThis is the core consideration. Is your business sustainable enough to have longevity, in order to not only pay back the loan, but also build from the loan? Suzie Wokabi, Founder of SuzieBeautyDoes your business have the capacity to repay a personal loan? However, even if you taking the loan as a personal loan, you do not want to be the one to repay the loan, because it will strain you. Is everything that you have in place ready to make the business grow?

Source: Standard Digital February 10, 2019 09:56 UTC