Should You Use a Personal Loan for Your Startup?

Launching a startup is a huge feat. From managing product ideation and material logistics to securing permit documents, there are many things to consider before establishing your startup. Despite the challenges, new startups in the UK alone reached 665,495 in number in 2020, with as many as 65% of adults interviewed online noting that they were interested in starting their businesses. Even with a comprehensive business plan, one of the primary problems small businesses face is the lack of finances. Fortunately, there are multiple funding options available for startups, with most businesses applying for either a business loan or a personal loan. […]

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