how loan save my business
Good day and happy weekend, amazing people of hive block chain, welcome back to my blog. It is another edition in the #hivelearners community, and I am so delighted to be participating in this week's prompt topic: the good loan.
Just the name loan scared me a lot. If there is something I hate about putting myself into debt, I don’t like anything that will take away my peace of mind. There is a situation I see myself in over the years that made me take a loan. I was not myself until I was able to pay the money. I can’t even count the sleepless nights I had because of the money I borrowed day and night. I am full of thought about how I will pay back the money.
No one will go for a loan if he or she is financially okay. Situations always make people go for loans. A loan is the only possible means for people to sort themselves out if there is an emergency situation. These loans will help them to meet up with the situation at hand and also enable them to solve the problem.
There is nothing bad in going for a loan, but my problem with loans is that the interest is extremely high. That is why most people are so afraid of taking a loan. Many people have lost their property because they were unable to pay back the money they borrowed. I see loans as something that is very risky. Although it is risky, it is very important.
There is a situation i see myself i have no other option than to take loan i needed the loan because it was the only means i can revive my business over the year i have try to avoid anything that will make me borrow money but at this time i need to for my business to survive. The amount i needed is huge after much deliberation i can my account officer that i need a loan the following day i went to the bank to process the loan it was not easy for me but i have to i have to drop something for them to give me the loan the gave me to pay back within a year and six month within me i was asking myself if i can pay back this money on a second though i challenge my inner thought and sign the papers and the loan was given to me.
Look at how well my business have grown.
Will I say that the loan motivated me to work hard? Within a year, I was able to pay back the money to the bank, and I claim back my property. Seriously, I don’t think my business will be where it is today if I didn’t borrow money from the bank. I am so grateful that I was able to take the loan. Who knows what could have happened if I didn’t take the loan from the bank? Probably my business will not be in existence again.
No matter how bad you think that loan is, it is very important.
This is my entry on the weekly prompts #hivelearners #hl-w136e3.
Thank you for stopping by in my blog i really appreciate your comments, support and support do have a lovely weekend.
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I am very happy to read that you have prospered thanks to the decision you made. But that is because you have been responsible, you have managed your finances correctly and that has allowed you to grow.
Asking for a loan and doing things well requires a lot of preparation and discipline. I hope you continue to grow and that you soon open branches of your business!
When you have a good cause to borrow a loan, you will easily pay back at the stipulated time. Taking loans to invest in a business is one good thing than to use it for something that wouldn't yield anything in return.
You are right my dear
Loan is something I've come to appreciate, even though like you, I use to avoid it before, but it has helped me and now I know we just need to be wise in dealing with our finances and when the loan is invested and in the end we'll smile.
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