5 Rules young entrepreneurs should keep in mind before applying for business loans for their startup

If you are taking a business loan, you should strictly use the loan for the purpose and not get carried away.

Make sure you repay the instalments on time, so that your credit score gets better gradually and it will help you to obtain a loan easily in future.

Try to take your business to a break-even level before applying for a business loan.

If possible, try to take small loans from family and friends. This will show that how serious you are towards your business.