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Personal loan or business loan?

Discussion in 'Personal loans' started by MyNameIsBort, Dec 3, 2015.

  1. MyNameIsBort

    MyNameIsBort Member

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    What's the difference between these 2 type of loans, for someone who has a business of their own? Is it better to apply for a business loan if you're an entrepreneur, or are personal loans more advantageous?
     
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  2. xami alo

    xami alo Guest

     
  3. AlyssaGarcia

    AlyssaGarcia Member

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    I think it is wise to keep your personal and business affairs separate. Going for business loan makes it easier when filing taxes and interest deductions. Plus the loan amount is comparatively higher than personal loans.
     

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