That is the experience I have seen and almost a very large percentage of young and senior entrepreneurs are involved in loans to expand their business networks or small businesses that they are developing.
But the most important thing is to have calculations and know how to deal with risks before taking out a loan, so that when you want to start you have preparations if something unexpected happens.
Entrepreneurs who are starting to make their business bigger by having several branches as their network always move with careful consideration. So when it comes to borrowing and lending money to increase capital, he has to pay very, very close attention to it before actually doing it because it only has one important goal, namely to make the business grow more rapidly and also be more advanced before all the loans are paid off by the deadline itself.
Today's business will never be able to develop if the capital we have is small because many competitors have large capital to develop their business.
Taking out a loan for something productive would be better than taking out a loan just to fulfill a lifestyle like most people do now.
Don't worry about any competitors because any good fortune will not be exchanged and I have actually seen an example of a company that is big now, such as iPhone, which has never felt afraid of the presence of Samsung in the midst of such a broad market attack by that manufacturer. Competitors are our motivation to develop to be better, although I also do not ignore capital because in terms of capital it does not only include money, but also important thoughts and strategies that must be built before spending more money in business.