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FindTheLoan.com

07 Feb 2025

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Would you take up a personal loan instead of a business loan for your business?

A few times, we've spoken to clients with strong personal credit who are slightly over-leveraged on the company side. Their concern is that they would be the only ones liable, not their shareholders, even if they do a 2nd loan to the company. Since we haven't encountered many such cases, we thought we’d ask here for other perspectives!

Understand Seedly is a personal finance community, but I thought surely there are some aspiring entrepreneurs or business owners here!

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jw

23d ago

Thanks for sharing

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kirby

16 Feb 2025

Following

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Stella

15 Feb 2025

I think business loan more suitable for business

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SH

09 Feb 2025

Business loan

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Pet N

08 Feb 2025

No. I've seen people bankrupt from this before. Never will I do it....

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Looking to take a personal loan to finance my current needs because of adulting. Any recommendations to which personal loan would be best?

What is your view on taking up personal loan of 10K for 2.88% 2yrs to have cashflow for renovations & purchase of furniture and appliances? Any suggestion? Would you take loan to ease cashflow?

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