Are you thinking about starting a business but have no money to
do it with. Well, you're not alone. This article will tell you
the basics of borrowing money
A
loan is money that is borrowed, and has to be paid
back along with interest. If the money is borrowed from an
institution such as a bank, this is called a
commercial
loan. Money that is borrowed from a friend or a relative is
called a
personal loan.
The
borrower, or
debtor, is the business or
individual that takes out the loan. ...
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