It is not every time we want something urgently that you have the money to get it, so depending on how urgent that need is, getting a loan comes into play. You could borrow money from anywhere, be it a friend, family member, union, personal purse or even a Bank.

Borrowing from a friend or family member can come with so many advantages, you mostly don't pay back with interest or pay partially or not even pay back at all but you may not always get the amount of money you really want, imagine wanting to boost your business and you need some millions to do so, its not many family members that could easily lend you that and it is at this moment you need a bank.

SME Banking is a banking that provides financial products and services specifically designed to help your business grow, building a successful business requires the right support so its always advisable as a young entrepreneur or business owner to have such banking supports because there are so many advantages ranging from soft loans, global customer connection, digital transaction and support/advice that will help grow your business from nothing to its peak. So in as much as you could enjoy those laxities when you borrow from your friend or family member, getting a loan from the bank can be of serious advantage especially for investment.

These are just my thoughts sha, everyone is entitled to his or her opinion and please feel free to air yours.

When it comes with starting a business venture that involves huge amount of capital borrowing from bank is the best option. UBA offers a good SME loan plan for new businesses, you can check it out.

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This advantage of borrowing from bank here applies to broke people only, there are families that can afford to borrow you hundreds of millions, don't you think?

sureinfo:
It is not every time we want something urgently that you have the money to get it, so depending on how urgent that need is, getting a loan comes into play. You could borrow money from anywhere, be it a friend, family member, union, personal purse or even a Bank.

Borrowing from a friend or family member can come with so many advantages, you mostly don't pay back with interest or pay partially or not even pay back at all but you may not always get the amount of money you really want, imagine wanting to boost your business and you need some millions to do so, its not many family members that could easily lend you that and it is at this moment you need a bank.

SME Banking is a banking that provides financial products and services specifically designed to help your business grow, building a successful business requires the right support so its always advisable as a young entrepreneur or business owner to have such banking supports because there are so many advantages ranging from soft loans, global customer connection, digital transaction and support/advice that will help grow your business from nothing to its peak. So in as much as you could enjoy those laxities when you borrow from your friend or family member, getting a loan from the bank can be of serious advantage especially for investment.

These are just my thoughts sha, everyone is entitled to his or her opinion and please feel free to air yours.

Omo, i don't like borrowing

Unless its very important.

One who goes a-borrowing goes a-sorrowing

Family first.

Family should naturally come first, but in times like these when families don't want to help a bank should be your best bet.

I am scared of the bank, no one is more gangster than the bank when it comes to collecting back their money, so ama stand with family on this one.

Family biko but strive hard to return as at when due coz integrity matters a lot.

Bank abeg. People no to know wetin happen between una. And you go just dey repay low key

Wherever you are borrowing from is not the issue

But paying as promised with out delay is the key

Banks can give you loan and be on ground to get it back from you because its a debt you must pay

Family, we'll it depends on your relationship with the family, some have good wishes while some have bad wishes and they will still borrow you, but your inability to make good of it or not being able to pay back as promised or not paying at all

It will spread like wild fire and every extended family will know about it