Best loan options to start business

You can probably qualify to get a startup loan from the FFF fund!

Traditional debt should never be used to start a business.

Why?

Because startups are very risky and most likely you will lose all the money.

No bank will ever invest in a startup.

They will require your personal assets to secure the loan.

Even if you are successful you will face a second problem — NO experienced investor will invest in a company that has liabilities over its assets.

Debt has priority on the company’s assets in the event of a bankruptcy.

Investors dont like to invest in previous growth.

Funding with debt demonstrates the lack of financial wisdom of the entrepreneur.

So there’s always the FFF Fund to invest in startups — Family, Friends and Fools.

Well, let me get serious — NEVER start a business with debt.

Always use your own funds or find business partners.