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Book Reports
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| Number of pages / Number of words: |
6 / 1505 |
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This will only be suitable for my business when I am first starting up. Not only could it be use for that but it can be used for the development of your company. When my business makes enough profit I will give back the money to the bank. The disadvantage of getting a loan is if your business doesn’t do very well how will you be able to pay the bank back...
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The level of loan repayments will be calculated by the bank when the loan has been agreed. Usually the first payment will be a month after you receive the loan. This could be a disadvantage because you may not make enough money in the first month so this could slow down the progress of the business. But it all depend on how much money you are expected to pay a month...
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