If you have a well thought out business idea but don't have the needed capital to keep it functional, is getting a loan the best option or looking for interested investors?
In my own opinion i wouldn't advice anyone to venture into taking a loan inorder to startup their preferred Business, tho sometimes it's usually hard to get the required capital for startup that's why most people take loans and all of that but on the contrary getting the loan is one and paying back will always be a problem for alot of person's and which will lead to some arguments between the two party but then having an investor is quite okay I would say cause they usually serve as partnership to your business and they may invest in the business in every aspects just to see it grow, or better still starting small on your own it's alot better too.
If we already have a name, then finding investors is something that can be done more easily, but if this is our first business then it will be very difficult to find investors and convince them to work with us. Maybe it will take a very long time for us to get our first investor. I don't mean to be pessimistic, but I'm just saying something realistic. Taking a loan is certainly risky, but maybe it's easier to get a cash injection than looking for investors. I think we all have our own thoughts on this with the considerations made. And in my opinion if there are only 2 choices then we have to make a decision by considering the risks and also our abilities, so that we can make the best decision from these 2 choices.