Which is better starting a business with loans from banks or borrowing from.friends

You should check with the interest rate and take a decision

Greetings, Getting a loan from a bank usually implies in more expenses. You pay taxes for acquiring the credit, you pay higher interest rates... Getting a loan from a friend is way cheaper. Starting a business has lots of risks. Not only your product might not have the desired quality, you might implant it on a location that doesn't need your products/services, people might find substitute products for yours, your price might not be well elaborated, or many other factors that can lead a business to fail. I'm not discouraging anyone, I'm just stating that there are risks involved. Therefore, what are your risks when getting a loan? The main risk is not being able to pay for it later. If that's the case, in the first situation you borrowed money from a structured institution, that will charge you enough to compensate the losses. In the second case, you're risking your friendship. That's the main thing you have to think about. Would you risk your friendship for money? Regards!

Depends how much Money you need. If it's big Money than maybe bank. Friends are from small amounts on short track.

I have loans from lending company that has a low interest rate..

Getting a loan from a friend is better

Make your friends as your investor, or just take a loan

If it were me, I would prefer a loan.

I think unless your close relatives lend you money,it is better to take loan from banks.

why borrow from a friend? make them a partner or investor. that way theyll get some profit back instead of just their money. banks are tricky, youd need to go to all of them and see what they offer for startups and small businesses.

If your friends and family are kind enough to lend you, better. But if not, either you loan from a bank or angel investors.