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Borrowing Add to toolbox

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If you cannot use your own finance for start up costs then you may want to borrow money. Owners usually do this when they do not have enough of their own 

money to invest into their business.

You can borrow from:

Here are some advantages of Borrowing money to start a business:

  • Takes pressure off of relying on personal finance
  • Helps to build credit history
  • Inexpensive to borrow
  • You do not have to give up share of the ownership of your business in order to get a loan 

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