If you have a 1M loan, what kind of business will you put up?
By dorisday1971
@dorisday1971 (5657)
Philippines
September 7, 2007 6:25pm CST
Bank loans are usually secured with collaterals and have high fixed interest rates. So it's just fair that you use your money wisely. If a bank grants you a loan of 1M payable in 5 years, what will you do with the money? Granting you loaned it for a business venture, what kind of business will you put up with that 1M?
1 person likes this
1 response
@Huying (388)
• China
27 Oct 07
Now,I am looking for bank to give me loan for investment.It is impossible for me to have a 1M loan,I just want $30000 loan.I will put up IT business with that loan.IT business is a kind of business that develop highly.It is easy to earn money from this business.
@dorisday1971 (5657)
• Philippines
27 Oct 07
It's a good decision to take a loan for purposes of investment. For sure, it won't be a waste of money. You are correct, IT business will definitely give you money. Good Luck!
