Loan To Start An Uber Business: Your Take. - Business - Nairaland
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| Loan To Start An Uber Business: Your Take. by Andibot(m): 4:46pm On Apr 29, 2019 |
I'm currently a 9-6pm worker and I feel the need to start up something more lucrative an uber business aside my professional job. The business should fend for itself will I work and focus on other things. The loan will be for a period of 4 years and the amount I'm looking at is 2 million. I look to your advice for feasibility. maturity in response will be highly appreciated. |
| Re: Loan To Start An Uber Business: Your Take. by Nobody: 7:21pm On Apr 29, 2019 |
Bros have you considered the return on the investment? Risks and maintenance? |
| Re: Loan To Start An Uber Business: Your Take. by mrsage(m): 7:54pm On Apr 29, 2019 |
A loan for Uber is very dicey but can work if properly managed. 2M is too much. Don't invest more than 1.3M (car purchase, registration etc). You can buy a Honda Civic 03/04 model. Its cheaper and gets the job done. You recover your money faster. The profit margin(s) are not as high as before. You can chat me up for further guidance 1 Like |
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