Opportunities in business can be exciting but frustrating if you don't have the cash required to take advantage of them. On one hand, this opportunity could be too hard to pass up because of the potential growth possibility, but, it can also mean accepting the often onerous terms of the lender to acquire the cash needed.
Many small business owners have used funding from friends/family to get their small business off the ground. If you are going to go this route, it makes sense to have a written agreement specifying the terms of the loan, repayment, interest, and so on. This can prevent many arguments and hurt feelings if the business struggles early on.Even the most successful businesses need a reliable source of working
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