No business will be built up without any capital to start with, right?
If it manages to thrive and gain loyal clients, then it will need a financial boost to expand the enterprise. Simply put, if you are determined to set your business idea in motion, either you have to use your savings or get a loan which you can use as a stepping stone.
Got your loan application declined again?
You might be wondering why banks have been turning their backs on you when you need them the most. While you may need to get quick cash now, the problem with your loan application could have rooted from something which started long ago and that is your credit history.
It's a real horror to get your loan declined when you need it the most.
In a time of financial crisis (and you are not alone) all your hopes will cling to your loan application, so make sure you avoid the common mistakes most Pinoys do when getting a loan.
Being Filipinos, we can’t deny that most of us will need to borrow money at least once in our lifetime. We borrowed from friends, relatives, neighbors, Bombays with umbrellas, and from vendors, especially in sari-sari stores if worse comes to worst. Then recently, bank loans such as BDO Personal Loans are becoming more accessible to many Filipinos.
If you have nothing to complain about your job, then you are either not really working or you are your own boss. Most Filipinos have at least one thing that makes them hate their jobs, and if you are one of those who do not want to slave under a person forever since you have better ideas churning in your brain, then why not start a business.
