Saturday, February 4, 2012

Repayment of a Business Loan is not Deductible


... because the loan was not income to begin with.

According to Askville.

6 comments:

Josh Wilkins said...

Business loan quickly will depend entirely on the record of credit worthiness of the entrepreneur. Having good record will ensure that you get the mortgage soon and with a reasonable rate to boot. However, the progressively worse your record of credit worthiness is, the more difficult it will be to secure a mortgage and the more attention you will be charged.

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The Arthurian said...

Josh, I suggest that, on average, "the record of credit worthiness of the entrepreneur" will decline as the total accumulation of debt becomes excessive. So the situation does not depend "entirely" on the entrepreneur, but also on the economic environment.

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John Meyer said...

The market is flooded by lenders who are even ready to negotiate the valuation of interest. Nevertheless, to find the type of reasonable interest the feasible way is to collect the appointments of loan in line and to compare them.

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The Arthurian said...

Hi John. Not sure what "the appointments of loan" means, but I would say let's compare the 1990s or the 2000s with the 1950s or '60s. The reliance on credit is far heavier today, and this *is* the problem.

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