Business Loan vs. Personal Loan: Which Works for You?

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  • Опубліковано 13 вер 2024

КОМЕНТАРІ • 9

  • @quintezrashi5566
    @quintezrashi5566 12 днів тому

    I thought if you take the personal loan to fund the business, I thought it would be okay for you to write off the interest, as long as you take the money and direct those funds directly into the business account

    • @GrowbyJoe
      @GrowbyJoe  10 днів тому

      Mixing personal and business funds can get complicated. I recommend speaking to a financial advisor about your situation for a personalized answer.

  • @spirituallyconscious7774
    @spirituallyconscious7774 3 місяці тому

    How to build business credit

  • @user-ou4mp6wv9x
    @user-ou4mp6wv9x 2 роки тому +1

    👆👆
    I will never doubt your services👈 he change my life with sba sauce and ppp loan

  • @Sarah-wilson
    @Sarah-wilson 2 роки тому +2

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  • @Emilly-sotto
    @Emilly-sotto 2 роки тому +2

    THOUGHT SBA GRANT WAS GONE UNTIL I SAW A RECOMMENDATION HERE ON UA-cam ABOUT MRS PATRISIAH AND I GOT IN TOUCH WITH HER AND SHE HELPED ME WITH MY SBA GRANT APPLICATION APPROVED WITH FUNDING JUST IN 24HOURS. MAY GOD CONTINUE TO HONOR HER WORK.

  • @DeadIyChickentv
    @DeadIyChickentv 2 роки тому +2

    Look at all those scummy wernerhack bots.
    Great video btw! I’m in the process of starting a side business and was thinking of using a personal loan. I like that you can deduct the interest on the business loan.
    Would it be worth it though on a $20k loan? Or should I just save that renaming money up and go all in with a 6 month emergency fund 😂

    • @GrowbyJoe
      @GrowbyJoe  2 роки тому

      Thanks for checking out the video and congrats on the starting the side hustle 💪🏼
      A lot of entrepreneurs use a personal loan to get their company off the ground and once sales are generated, a business loan can be helpful to help separate personal and business appropriately. Reach out to our team anytime you have questions, we'll point you in the right direction - Keep growing!

  • @user-ou4mp6wv9x
    @user-ou4mp6wv9x 2 роки тому +1

    👆👆
    I will never doubt your services👈 he change my life with sba sauce and ppp loan