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Pros and Cons of Taking A Loan

Thinking about taking out a loan to grow my business.

    1. Con: You will need to pay it back every month over time.

    This may be a psychological burden more than anything.

    2. Con: Your credit score will go down.

    3. Pro: It will significantly increase your monthly income.

    4. Pro: It will help you build credit history.

    5. Pro or Con: It may help get over the fear of taking on debt.

    6. Pro: It may help you get a second loan in the future.

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