Here’s a few reason, one is the lack of vintage and track record for your business which many banks set as a minimum criteria, even for some of the start-up loans that are much touted by some banks, these are highly selective and require companies to be post-revenue. Also if you have a full-time employment, this enables you to obtain a much cheaper source of financing than a business loan. We would advise you to take a loan while in employment with the longest tenor. Most personal loan can stretch up to 5 years.