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It's easy to get a loan unless you need it.

As someone who has owned a small business in the past, I understand how difficult it can be to get a loan.

Just because someone will lend money to you doesn't mean you should borrow it.

Private student loans should be avoided at all costs.

One of the biggest problems out there that I hear from my friends in the business community is that there's no lending, that it's tough to get a loan today.

It's never been more important for borrowers to arm themselves with knowledge and build sound financial-management skills.

We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and make money for myself. I would be a junior loan shark if I did... It is not a panacea.

When I got a deposit on my very first cake, I took that deposit and I bought some cake mix with it. I've never taken a loan - ever. And we're doing this expansion just like everything we've done in this bakery as we've grown. If we weren't able to afford paying for something cash, we didn't buy it.

Never expect a loan to a friend to be paid back if you want to keep that friend.