Post
Topic
Board Economics
Re: A lot wealthy people not smart they just use debt
by
Wonder Work
on 06/07/2024, 17:58:10 UTC
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.
When applying for a loan, it's crucial to remember that the bank needs to see a clear and viable repayment system. This is a key factor in their decision to grant a loan.
The bank will only agree to give you a loan if you can show me a system that allows me to repay it. Currently, banks offer loans depending on the system you show.
But if a person wants to start a business, it can be started with a small capital. Starting a business with a small capital can gradually take it to a larger scale.

They are interested in giving you a ring because they give you a ring, and they can earn a percentage from it. If you follow the correct process, you will get the loan.