❓ASK – Disadvantages of taking loan for startup business | Proxies-free

Most people take loans for starting up a business, which I think has many disadvantages. Taking loan will limit your expenses, increase your liabilities, you need to pay a share of your profit as interest, and most importantly there will be constant burden on your head. That is why if you invest your own savings, you will at least not pay a part of your profit to anyone.