3 ms·
If you run a venture that has exponential growth potential - then your ROI is usually likely to exceed the interest rate with ease. My entire family is into di
by ankeshk 17y ago
If you run a venture that has exponential growth potential - then your ROI is usually likely to exceed the interest rate with ease.
My entire family is into diamonds. So I know a bit about how the diamond trade works. Every trader takes loans and usually the interest rate is 1 to 1.5% per month. Very similar to credit card rates. Everyone pays them without a lot of issues - because the ROI is there.
I know its the same with a lot of small to mid textile firms too.
- joubert 17y agoSure, if you trade goods (and keep inventories low), then you can use short-term loans (incl. credit cards) to finance purchase of inventory until re-sale. However, if you're building a business predicated on service delivery, the cycle is quite different and lead time is likely to exceed the "free month" with a credit card. Business loans make more sense.