All Questions
Tagged with small-business loans
21
questions
0
votes
1
answer
99
views
Minimizing tax liability in business purchase w/ personal loan from other partner
I'm purchasing an existing business with a business partner. They're in a better position than I am regarding liquid assets. I've got most of my assets in positions where I'd be paying high short term ...
user12007
22
votes
12
answers
7k
views
Pay off Loan With Savings or Keep Emergency Fund
A year and a half ago I took out a Career Development Loan(£7000, 9.9% interest). Which is currently around £4900 now. I have been saving for no particular reason, and I now have over £5000 in savings ...
- 332
1
vote
0
answers
128
views
How do I know when my applications for disaster relief loans have been approved?
I applied to all 3 programs as I have a business in NYC:
SBA EIDL - Economic Injury Disaster Loan Emergency Advance
PPP - Paycheck Protection Program
NYC Small Business Continuity Program
I think I ...
- 2,025
2
votes
2
answers
312
views
Loaning money to your small business by billing yourself and paying with personal credit card?
Can you loan money to your own small business by billing yourself and making a payment to it with your personal credit card? How would the accounting work on that? The business isn't actually billing ...
- 121
0
votes
2
answers
165
views
Best shot for small business loan given limited history, credit, etc
Suppose that a person is in dire need of a small business loan (complicated surrounding circumstances involving politics eliminate other options).
They have the following assets:
6 year old LLC with ...
- 294
0
votes
2
answers
2k
views
Can you use a small business loan as the down payment on a house?
My wife owns a small business and is looking to purchase a barn or small warehouse to store some of her rental items. We are also looking to purchase a new home for our family. Can she acquire a loan ...
- 433
2
votes
1
answer
253
views
How do I improve my ability to get loans to use as leverage for my business? [duplicate]
Relating to Europe, but an US-focused answer is also welcome.
Plan:
I have a small stain on my credit history due to a tax issue. I am otherwise financially sound.
I am not big enough for a bank to ...
- 31
2
votes
1
answer
460
views
Borrow money to invest in a business venture with equity?
Is it generally considered a financially-sound thing to do for one to borrow money to invest in a business venture, which may not be their own? For example, Jane borrows $50K to put in to a startup ...
2
votes
1
answer
178
views
Get a loan with low interest rate on small business
I'm sure everybody has or had this situation before. Basically, all my income (which is around $7K / month) is being washed off somewhere: rent payment + car payments + different insurances and so on. ...
- 412
4
votes
2
answers
77
views
Criteria for commercial loan so that interest is deductible?
A family member wants to lend me money for a business venture. I want to be able to deduct the interest I pay him as a business operating expense. However, I understand that the IRS is often skeptical ...
2
votes
1
answer
308
views
Can I lend personal savings to my U.K. Ltd company and have the loan repaid into my pension?
Is it possible for me to make a personal loan to my own UK Ltd. and then have the UK Ltd. pay it back by depositing it in my pension?
I am an employee of the company and draw a minimal wage: around £...
- 21
0
votes
2
answers
108
views
Is it possible, anywhere in the US for a funding firm to not have a license number showing somewhere? [closed]
I want to get some financing for my small business, I can find hundred of websites that offer such... but their webpages have absolutely no addresses, no license numbers, no names, just a fictitious ...
- 173
2
votes
0
answers
68
views
Am I eligible for a CDC/504 loan as a sole proprietor?
I have a sole proprietor software consultant business, and I am thinking of buying a small office because it would be a better investment than my current office rental. I was looking into loans for ...
- 121
1
vote
1
answer
76
views
Making a personal loan to my business from the proceeds of cashing out my 401k
I had to cash out my 401k and lent the proceeds to my graphic design business to keep it afloat. It was used replace a computer and to pay off business debt. Total loan is $22,000. We had a ...
- 11
0
votes
1
answer
105
views
What kind of taxes should I expect from a business loan interest?
For example, if I lend a small business $100,000, and they'll pay me back $10,000 in one year. How would I expect taxes to be done?
Would the $10,000 be considered ordinary income, or capital gains, ...
- 103