Title: 7 Advantages & Disadvantages of Taking a Small Business Loan
Headings: 7 Advantages & Disadvantages of Taking a Small Business Loan
7 Advantages & Disadvantages of Taking a Small Business Loan
5 Advantages of Taking Small Business Loans
5 Disadvantages of Taking Small Business Loans
Ajaero Tony Martins

Content: If they give you a loan, they are only interested in getting their interest and partial loan payment installments. IV. Tax benefits-: Small businesses taking loans from banks and some other institutions enjoy some tax relief, since the percentage of profits used to repay the loan is exempt from tax. So, you only have to pay tax on the percentage of profits that you will keep for yourself. V. You don’t have much to lose- : Another benefit of getting a business loan is that, if your business fails, you may not necessarily have to pay back from your personal purse. In the event of failure, you can liquidate the business, which will help you pay back part—or even all—of the borrowed funds. In fact, many business owners keep this advantageous aspect in mind when borrowing money, because they will only lose their business in the event loan default, not necessarily their own money or the collateral used to secure the loan. And many creditors accept this repayment plan—of course, they don’t care about whatever you will lose to pay back the loan;