Nick has a growing small business in his hometown. It is a convenience store with a pharmacy and ice cream parlor on the side. It is the only one in the area and people from around patronizes it. He learned from someone close to him that the laundry shop next door as well as the small shop next to it are being sold. He wants to buy the shops so he can enlarge his business area.
So now he’s deciding whether to get unsecured business loans or to borrow money from his old folks. He got his initial investment from them and was able to repay after a year. He is leaning more and more on the idea of a business loan as he doesn’t want to disturb them with his plans…
I am an accountant, a CPA. I'd been working for 10 years as a corporate rat when I decided to quit. I am now working at home as a consultant and full time blogger.
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