A friend told me about a company giving a loan amount to 400k and will be paying back 32k every Monday.. And I'm using it to start a dry catfish business... Would get an oven and smoke fish and smoke for people too... Money is what has been delaying me.. Please what's your thoughts..?

Oluwashina72:
A friend told me about a company giving a loan amount to 400k and will be paying back 32k every Monday.. And I'm using it to start a dry catfish business... Would get an oven and smoke fish and smoke for people too... Money is what has been delaying me.. Please what's your thoughts..?

Assuming there's no income from the business, will you still be able to make timely payments on the loan? If something goes wrong with the business, will you still be able to pay the loan without stress?

If your answer to both questions is YES, then by all means go for it as long as you're ok with the interest rate.
If NO, then look elsewhere for funding