commercial mortgage

DONNA1458 | 14:35 Thu 04th Oct 2007 | Business & Finance

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what is a commercial mortgage looking to buy a business but only need to borrow max 10 - 15 thousand would it be better to get a personal loan?

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CushtyFred

This isn't for that dodgy chip shop is it?

DONNA1458

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yes for the fish and chip shop ....why is it dodgy???

EverClean

If the business borrows the money then you can offset the interest paid as an expense against the profits made. It is almost always more beneficial for the business to borrow the money. Speak to your accountant.

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