I have taken out a small business loan. It was for my internet café business before as an added capital in my business start-up. Borrowing money or taking out a loan is the least option that I think to pursue my small business. As a regular office employee, my savings did not reach my desired capital to start my own business in the year 2006. I am really eager to have a business during those times so what I did is to take out a loan.
Small Business Administration Loans are truly helpful in business start-up. It can be consider as a great advantage when your money is not enough for the capital to do the business. The lending company helps me decide to create a finance package that fits with my business. I have coordinated with the account officer that analyzes my loan application. She showed me different computations based on loan terms so I can come up with an ease in paying the monthly amortization. It took me a week for the approval. There is a loan collector for every monthly due so no hassle in going out to pay. Missing payments can be avoided with these. I am so glad that with the finance package that they have offered, I do not have a problem with my loan payments.