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If you want to borrow money, whether it’s from your uncle or the bank, you’ll need to persuade the lender that you’ll be able to make money from your side hustle in the long term to pay back your debt.
Prepare well before you apply for the loan. If a financier sees your preparation has been thorough they’ll realise you’re serious about your venture.
Make available all important information, such as your expenses and expected income.
