How Will I Pay Back the Loan?
Diomampo suggests that you borrow money only if your business is doing well or will do well because of the loan. “Do a risk assessment. If you think you can make a go of the business, look at your income expectation, because you will have to deduct from that income the interest rate of the loan. If your cash flow is higher than the interst rate, then go ahead and borrow.”
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