Business that failed
By Kerslyn On December 15th, 2008I and Ace have been to business but the turn out is not good. In short, we lost it. I’m still working that time so Ace was in-charge for it. Though his heart is into that small business, there are times when I cannot depend on him to give a hand on it especially if he’s not in the mood. So it turned out that his love for that small business is depending on his mood. To make the story short, we lost the business together with the money I loaned from the bank. Then I realized we cannot get into business with that attitude and swear to myself I’ll have MY OWN business if I’ll have enough money for the capital. I have thought of so many business ventures that I would love to do but I don’t have the money to start with. I don’t wanna loan from banks or other lending firms now. I wanted to start with my own money so I won’t worry about my obligation of paying the institution I have loaned with. The thing is, I don’t think somebody will approve a loan for me when I don’t have documents to show them that I am really earning and I have the capacity to pay. Everybody knows there are certain required documents for a loan application so I won’t have the chance to acquire a loan.
Anyway, for people with existing businesses and those who are planning to start, my story of failure does not apply to everybody so don’t be discouraged. Besides, there are lots of financial institutions that gives out loan to everybody with shorter approval lead time and without the hassle of a handful of requirements. However, if you’re into business already and needs additional capital to grow the business, you can still acquire a loan from Merchant Advisors. You can open Merchant accounts, I guess and avail of the services that they offer along with the loan that you are applying for. Seems its like a business kit where all what’s needed are being provided. One can even apply to accept credit cards since the trend now is that most of the business sectors survived the economic turmoil with the help of the credit cards. People tend to shop more using their credit cards than paying in cash.
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