Hey Bitcoin Community! Essentially, I would like to know if you would ever consider taking out a loan in bitcoin? If you
have previously taken out a loan, please share your experiences! What were the pros and cons, and what would you improve? Thanks

no.. i try not to do the loan thing. .. don't front.. if you do and you dont get paid back then you lose both your money and your customer. thats your fault.
Good point. However all reputable bitcoin p2p lending companies would urge you to diversify as much as possible. Therefore, you can make many, smaller loans, allowing you to make up any shortfall through the interest rates accumulated through your diversifyed loans.