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No, a business loan is not a prize, it has to be negotiated on the basis of a business plan.
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∙ 11y ago
Nathaniel Anania
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Can you write off interest from business loans?
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.
Can you claim closed end loan interest on your taxes?
Outside of a business setting, or home mortgage, No.
When a co signer on a business loan dies is the estate responsible or is the other business owner liable for paying the loan?
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.
Is it possible to claim a calamity loan with existing salary loan?
NO.
How long does it take to claim the sss salary loan check from company?
how long does it claim for salary loan sss
Can I claim the benefit of housing loan if the property is in my wife name?
Not if the loan is not in your name.
Is a bank loan a financial asset?
Bank loan is a liability for business not an asset for business.
In general would interest rates for a personal loan be lower or high than those for a business loan?
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.
Can you claim auto loan on your taxes?
yes
Can you claim an equity loan on chapter 7?
No
What kind of loan do you need to purchase a piece of a small business?
You may either apply for a small business loan or a personal loan. Google small business loans
You cosigned on a loan without mu spouses knowledge - Have you rished his business?
You are responsible for co signing the loan. If you are partners with your husband in his business, have a loan together on the business, then yes, the business becomes an asset that could be attached if the loan you cosigned on should be defaulted on.
