Generally, closer relatives and friends who became the prospective partner before considering other parties, such as several types of financial institutions like banks. The choice of partners has its own risks. Greater risk that must be faced when partnered with a close friend is that friendship is at stake for business. Lots of business decisions that must be made with high professionalism and cause the friendship can be finish or even broken.
Other business partner which is more neutral is a bank or other financial institutions, especially if the capital becomes the main issue. A loan to the bank was considered more secure because the bank can help us to see whether our business will be having obstacles. A good bank is obliged to inspect and check the feasibility study that we propose. Rejection from the bank with a reason? Not feasible? It can be a good feedback, especially if we can discuss with the loan section about any elements that want to be assessed? not feasible?. The bank can also help us to monitor the business activities each year and if there is trouble in the company, the bank will consider not continuing the loan. This is a warning and a control that can relieve us to settle immediately.
Entrepreneurs who force the bank to give loans without a feasibility study that is objective and true often causes more severe problems. Collaterals were seized, the company was not running, and losing the hope to make dreams come true. A situation like this is very common, whether in a small-scale or national scale.
Loans are often violating the normal calculation which should be applied by the bank so that when the economic situation does not support, micro and macro economy were also going down.
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