Advertisement

FindTheLoan.com

07 Feb 2025

∙

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!

19

Discussion (19)

What are your thoughts?

Learn how to style your text

Antonio Marsh

13d ago

Thanks for sharing this guide. I'll consider it for my business http://www.thevapetown.com/

Reply

Save

jw

12 Mar 2025

Thanks for sharing

Reply

Save

kirby

16 Feb 2025

Following

Reply

Save

View 1 replies

Stella

15 Feb 2025

I think business loan more suitable for business

Reply

Save

View 1 replies

SH

09 Feb 2025

Business loan...

Write your thoughts

Related Posts

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?

A new form of investment opportunity - instead of earning interest from student loans, investors earn from future earnings? Would love to hear your thoughts on this. Worth, or just take the student loan?

Thoughts on spreading commissions over 20 yrs instead of about 5 yrs? since servicing should be long term, If we take hdb loan then transfer to bank loan, the loan amount still capped at 75%?

If I were to have cash on hand ($30k) and cpf-oa @ 2.5% ($30k) and am taking up a bank loan at 1.5%, would it be advisable for me to clear my housing loan or let the cpf remain in OA or invest in ?

Related Posts

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?

A new form of investment opportunity - instead of earning interest from student loans, investors earn from future earnings? Would love to hear your thoughts on this. Worth, or just take the student loan?

Thoughts on spreading commissions over 20 yrs instead of about 5 yrs? since servicing should be long term, If we take hdb loan then transfer to bank loan, the loan amount still capped at 75%?

If I were to have cash on hand ($30k) and cpf-oa @ 2.5% ($30k) and am taking up a bank loan at 1.5%, would it be advisable for me to clear my housing loan or let the cpf remain in OA or invest in ?

Advertisement