No, a business loan is not a prize, it has to be negotiated on the basis of a business plan.
you can claim interest on business loans as a deduction in most cases. Just need to specify what the loan is for and whether there is a direct link between the loan and earning business income.
Outside of a business setting, or home mortgage, No.
It depends on how the business and the loan are titled. If the business is a partnership, the business may be responsible for paying the loan. If the borrowers signed as individuals the surviving signer may be able to make a claim against the estate. You should consult with an attorney who can review the loan and any business documents and explain your responsibilities and options.
Yes, you may be able to claim the interest paid on a personal loan as a deduction on your taxes if the loan was used for qualifying expenses such as education, business, or investment purposes. It is important to consult with a tax professional or refer to the IRS guidelines for specific eligibility criteria.
how long does it claim for salary loan sss
NO.
Not if the loan is not in your name.
Bank loan is a liability for business not an asset for business.
yes
No
Your equity loan has no bearing on your ability to file a claim. You just call the insurance company and report the loss.
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.