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  •  Excellent points! (none / 0)

    In addition, the discipline imposed by having to develop a plan to pay back a loan makes it much more likely that the business will be successful than if the initial capital was simply a gift.  Finally, and perhaps even more importantly, people have a more pride in themselves if they have successfully paid back a loan, rather than simply been the recipients of charity.

    "Those who would sacrifice liberty for security deserve neither liberty nor security." -Ben Franklin

    by leevank on Thu Oct 27, 2005 at 01:47:18 PM PDT

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