Hello guys, so I'm starting a business where I'll be 100% on ground, i have knowledge and experience on this line of business and I'm pretty confident, however my starting capital is short of about 40% of what I need, it means I have 60% of my capital, i want to take a loan on the other 40% to push through equipment procurement.

For those that started businesses with loans, how did the loan affect your business, revenue and profitability.

And would you advise one to go this route??

This is to seek opinions, guys I'll appreciate inputs.