Getting a Business Loan Is A Terrible Idea

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Information Getting a Business Loan Is A Terrible Idea

Title	:	Getting a Business Loan Is A Terrible Idea
Lasting	:	0.35
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Views	:	96 rb

Like what?
Comment from : @MrFrost-xh6rf

What terrible advice
Comment from : @laurenweston2685

Not true if it’s under a LLc you can get no personal guarantee loans
Comment from : @EnzoSanchez-q4s

Examples of easier cashflow businesses than loans?
Comment from : @TheQueenIsHere22638

What if the loan is only $10,000 and your working a job that makes 70k plus a year? Asking honestly
Comment from : @MoY206

How to apply brother
Comment from : @simmikalsi1664

Is not a bad idea this is bad advice
Comment from : @paraisoprincipessa

If you purchase a business with a cash flow, why would that be a bad idea Using your own cash is always a bad idea
Comment from : @goldiefatale

Plenty of ways To much that money to work
Comment from : @AndrewAkers-m2g

Like what?
Comment from : @anthonymoore7948

Said the man on youtube
Comment from : @appscastle

I only need 1
Comment from : @Rember1200

I don’t start businesses I buy existing ones with owner financing
Comment from : @Wisdom_Paramore

"put time and effort into things you don't care about so at some point IF those work out you can hopefully have enough to start doing what you really wanna do"
Comment from : @TankyFrank

still waiting for what those businesses are before your "passion" business starts
Comment from : @Tommy06289

Stupid video
Comment from : @Telvincomehn

Not great financial advice
Comment from : @Paul-nq5tn

yeah let me pull money out of my ass
Comment from : @OilfieldOutlaw

Bad advice no one has truly become wealthy without debt unless its a lottery
Comment from : @Stephthegreatlion

Bro, everybody disagreed with this dude😂
Comment from : @yajsemi671

Easier said than done
Comment from : @blender139

I 100 DISAGREE! Business Credit & Funding is Changing LIVES
Comment from : @whoisdarius2790

Really useful business advice! How can small businesses do this too?
Comment from : @FilipLjungberg

Agree 100 percent!
Comment from : @RichandWealthy991

wannabe guru
Comment from : @Billiepippen

what about a grant? i have started a ltd company to do videography and real estate
Comment from : @Davidvrjsullivan

This is why you do this with an LLC and severely limit your liability🤷🏼‍♂️
Comment from : @Tockrellman

Knows shit
Comment from : @PismoAndLilly

Best way to keep the competition away? Tell them what not to do, but leave out the specifics of what to do lol
Comment from : @SyDiko

Zero elaboration here What are the easier ways bud?
Comment from : @blaze376192

Jon's never run a business and his advice is not to be trusted
Comment from : @LordFancy

help me please 🤦
Comment from : @test2bless

Some of us are in the rat race and have trouble getting ahead I think if it’s a business start up around $15k and you know how to budget and stay consistently around $4k-$5k per month year round I don’t see how that could be any worse than taking a loan out for college lol
Comment from : @CodyJacobCamacho

Laughs in business credit 😭😭🤡
Comment from : @camkimball6836

I want to open up a barber shop And become a barber start small
Comment from : @tito7020

I totally agree with you
Comment from : @billionairemindspace

And they NEVER tell you what those 'other' businesses are! They never throw out a bone
Comment from : @rondon-g7g

youtube lets anyone with a mic to talk silly
Comment from : @williamjver

Horrible advice
Comment from : @voyageparis9357

Anyone who can fully furnish and hire staff in a rented (or bought) property for a restaurant on £100k is cutting some serious corners
Comment from : @justaperson4656

I love blanket statements
Comment from : @nevinkuser9892

I’m nineteen already started a bussiness looking for loan to boost it up what loan app should I apply for
Comment from : @EmmanuellaGodswill-cc3sg

Yeah I think you don’t know what you’re talking about And the more I keep watching this, the more I think you haven’t started a REAL business You probably started some online gimmick
Comment from : @eze__95

Although this is just a different way to look at things in regards to going to a bank there’s too many types of loans out here that don’t involve commercial banks to narrow in on just this way to look at things in regards to going to a bank
Comment from : @MrDavidchuck

If you are smart and have a business plan and correct budgets and market access, going to the bank is smartbrbrAs long as you are acquiring assets for the business
Comment from : @fredsystra7584

get you a stable job, have built credit and relationship with the lender, get a business loan, invest in something people use every day like a car wash, atm, fast food if there's no risk, there's no reward as I've always been told idk I'm 21, and I'm trying, but I don't know, lol 😭🤦‍♂️
Comment from : @kevinedwards8330

I’m 16, I made around 20k my first year pressure washing and now I’m getting a lot of jobs for window tinting and I wanna get into window tinting company, I need a couple machines and I have already done a couple cars, would a loan help? The machines in total are around 3-5k
Comment from : @pricey9241

ok, cool i agree with you, so whats the business that you say there are so many of that we can do without ever going to the bank???? come on now, lets make sense when we speak
Comment from : @curtisnstacey

Use their money kitten
Comment from : @WesternNyBigfoot

Better than getting a loan for college
Comment from : @MoneyMakinMir

Wrong!!
Comment from : @theavenue7studios

Soooo before starting a business, you should start a business to start your business?
Comment from : @jimcetnar3130

It’s a terrible idea! It it doesn’t work, risk with life I guess
Comment from : @_MFender

Some of the wealthiest people in the world started their business with a loan There is good debt and bad debt And, also — not every business is a mom and pop shop type of idea Real estate, Airbnb , my insurance agency — all almost guaranteed cash flow (if you know your industry) and debt could be the greatest idea because it also will give you major tax write offs and will help build the credit of the business Wealthy people use loans, too It’s so much better to use the banks money than your own
Comment from : @Christimony222

So how do you get a business to pay for your business?
Comment from : @hugoyebra2475

Yeah but what if you get that loan invest 2-10 in a life insurance policy now you have equity for life
Comment from : @omniservices

Maybe for buying a business that works
Comment from : @andrewnguyen4827

I couldn't disagree more Nothing wrong with getting a loan
Comment from : @crazycreek667

Just buy an existing business duh
Comment from : @therealhollywoodtv

Come back to Earth, man
Comment from : @hollywoodbb

This is still money you never had Lost or win
Comment from : @nathanreid904

This guy is all wrong he needs to watch more Robert kiyosaki
Comment from : @zanewagner4493

Seems someone never read rich dad poor dad
Comment from : @rammyanimations4699

Am I right in saying if you have business loan and you make a loss you can cease the business & the debt gets written off?
Comment from : @d1psfx880

The rich use debt to get rich read rich dad poor dad
Comment from : @smooth1010

If u didn’t know rich people borrow money and get into more debt read rich dad poor dad
Comment from : @Kevinvaldes7

I did not need a business loan when I opened my restaurant 25 years later and I'm selling products in 200 other stores And all the business loans they want weekly payments no waycrazy rates All scamers
Comment from : @angieswyers5633

To sum it up get some passive income coming in and use the profits to fund your business
Comment from : @aaaasssssmmmmmm

I agree 100 - it is a very bad idea and it is a recipe for failure
Comment from : @wealthypandaz

This guy is an idiot Debt turns to money period!
Comment from : @jmquickfix

Not true, you obviously don't understand amortization
Comment from : @aaronjmonson

and which
Comment from : @einclient1282

I don't think its a bad idea if you have a good funding strategy and sales plan You can hire a grant writer with some of the loan money for example
Comment from : @carlyoukilleditbeats

Easier said than done
Comment from : @cashmillionaire7838

Online funded trading Probably one of the best ideas
Comment from : @tashingapaulini8001

Is it a good idea if the loan you're looking for is less than 50k? If profitability is achievable why wouldn't you take on the debt?
Comment from : @xX2fly4youXx