What sucks in Bank loans?
They suck out the money even before you start making money.
Here are some tips if you plan to file a Bank loan.
- Make sure you know your numbers.
- Know where to put the money before borrowing.
- It’s about cash flow. Try to minimize how much cash you are using to pay ALL your loans to just 20% of your cash flow.
- Don’t go for anything that’s higher for 20% per year of interest.
- Don’t go beyond 2 years.
More tips has been laid down on this video.