For business borrowers with multiple layers, it can be hard to decide which to use as the borrower, especially if you do not want to fill up application forms again and again between dozens of lenders and do it twice for both companies.
With FindTheLoan.com, you can reach multiple lenders with just one single application to compare and Find The Loan you need, greatly cutting down the time you need. But if you do not want to do it twice, here are some points you can take into consideration.
Which has the better repayment ability? Lenders when determining how much can they loan you, and at what interest rate look at your repayment ability which we explained in greater detail here if you are interested. If you are hoping to get better offers, you should use the company with better repayment ability.
Tax consideration. Depending on jurisdiction, the interest paid on a business loan can be tax-deductible, which can reduce your company's taxable income. So some borrowers may even consider the tax situation for both companies. We recommend speaking to your accountant or the suitable Community Partners listed on the home page.
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