Thursday, April 23, 2015

What is the best way to finance an existing business, borrow from the bank or finance it yourself? -

i am looking into this existing business seriously. I need to know if i should take out a loan from the bank (i have a very good credit with the bank) or finance the business myself.

In my own opinion financing the business yourself is better than borrowing from the bank, because the interest from the bank can suck your business dry.

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