What are the advantages and disadvantages of bank loans?

What are the advantages and disadvantages of bank loans? Business owners should weigh the advantages and disadvantages of bank loans against other means of finance. Advantage: Keep Control of the Company. Advantage: Bank Loan is Temporary. Advantage: Interest is Tax Deductible. Disadvantage: Tough to Qualify. Disadvantage: High Interest Rates. What are the disadvantages of bank … Continue reading What are the advantages and disadvantages of bank loans?