CAUTION FOR LOAN TAKERS.
• Make sure that your main capital exceeds the loan.
• You should have several options and plans on how to pay back your loan at any time.
• A bad loan is never worth taking.
• This is when the money you are making is less than your expenses or when you are using a loan to buy liabilities instead of assets.
• A loan is only worth taking to increase your capital base.
• A loan is best taken when it will make you much more money than the loan.
• A sure way to bankruptcy is to take out a loan for consumption purposes.
FOR THE LOVE OF GOD, CHURCH AND NATION
By Pastor Sunday Adelaja.
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