What are Loans and give Advantages and Disadvantages for it

-Family or Friend may Give Money to the Business or the Owner of it A: Money is Guaranteed for that Set Amount of Time A: Banks aren't Involved so Control is still Established A: Interest Rates can be Fixed A: It can be paid not in One Go, which can Really Help a Struggling Business D: For a Loan, a Detailed Business Plan is Needed D: Some Assets may be At Risk of going Away, if a Deal was signed saying if the Business can't Repay D: Lack of Flexibility - It might not use the Full Loan Amount, but it still needs to pay the Full Amount back Regardless