Only a fool takes a loan and pays it back, the point is when borrowing, especially for large loans, go bankrupt, get the money out somehow, use a good accountant and don't pay anything back. if you take a loan in order to pay it back, you are a loser because the interest is your work and the effort you give away. besides, banks print money out of thin air, so this money is free for everyone.
Money makes money so with this money you can set up the real honest business or to set up next business on other person name keep money flowing then build some credit history and take new loan.
That's the smart way and your time efforts getting paid and you make atleast something out of it.
Money makes money so with this money you can set up the real honest business or to set up next business on other person name keep money flowing then build some credit history and take new loan.
That's the smart way and your time efforts getting paid and you make atleast something out of it.
I have look into your account and I though you have ranked up otherwise I would have said when you finally get signature and take large loan from this forum, don't pay back rather consult your accountant so you can know the difference between loan on paper and reality that we are facing today. Again, you don't need to called anyone fool for paying loan, I'm very sure someone from your relatives have taking high interest rate and paid back in full(fool)
The wealthy people you are seeing today that are ontop of forbe list are all enjoying the benefit of loans they take from banks and that's because of their relationship with the banks and even the government. You don't get big loans from anyone without good connections and networking and you will have to pay back as agreed elese you risk selling some part of your company later in the future. That's not how loan works mate.