LogFAQs > #931712478

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Topic	Why would anyone voluntarily take out a business loan to open a business?
AzNDarkSamurai 12/17/19 1:47:32 PM #9:	ArchiePeck posted... If you take the business loan out against the business itself, then if it doesn't take off you can just fold the business and declare it liquidated. If you use your own money, then you're potentially risking your own money LOL but wont that kill your credit? if you fold the business and default on the loan? --- Pinoy Pride, 1988 - the day I die! <cite>AzNDarkSamurai posted [p:931712478] in Why would ... [t:78261983]...</cite> <quote>ArchiePeck posted... </cite> <quote>If you take the business loan out against the business itself, then if it doesn't take off you can just fold the business and declare it liquidated. If you use your own money, then you're potentially risking your own money LOL</quote> but wont that kill your credit? if you fold the business and default on the loan? --- Pinoy Pride, 1988 - the day I die!</quote> ... Copied to Clipboard!
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