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FindTheLoan.com

16d ago

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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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Discussion (15)

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kirby

7d ago

Following

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Stella

8d ago

I think business loan more suitable for business

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SH

14d ago

Business loan

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Pet N

16d ago

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

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Financelearner

16d ago

To me, while a personal loan might seem easier and faster, it’s important to think about the long-te...

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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?

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