Issues Associated with Startup Loans

Nov 5, 2013

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Issues Associated with Startup Loans

Posted in : Business Services, Financial Services on by : admin

Start up loan is an initiative funded by the government that provide support to the young entrepreneurs in form of business loan and business mentors. It was created to help young people age between 19 to 30 years to acquire and equip themselves with modern market tools and experience that would drive their businesses a success in all industries and sectors. As such start up loan is sometime hard to come by. This is because some business take time to be successful hence delays the approval from the bank due to their fear of taking great risk.
Moreover, there are other situation that might denied an individual from taking start up loans, for instant student loan load. The rising mountain of student dept loan is forcing some young entrepreneurs to abandon start up dreams. Despite the effort made by the government to drive young entrepreneurs mind in new and innovative ways, youths faces several problems like fear of risk and uncertainties, illiteracy and ignorant on the current trends in the market.