myrmepropagandist on Nostr: Friends. I don't get it. I understand the idea of a loan: borrow money, pay it back ...
Friends. I don't get it.
I understand the idea of a loan: borrow money, pay it back over time plus a fee for the favor of having more money sooner.
I understand having a company and taking out a loan: borrow money to do something to help the company make more money and pay it off... but it's OK you made enough that it was a good idea.
But HOW can someone borrow money to BUY a company then say the cost of the loan should go on the companies books?
I don't get it. :(
I understand the idea of a loan: borrow money, pay it back over time plus a fee for the favor of having more money sooner.
I understand having a company and taking out a loan: borrow money to do something to help the company make more money and pay it off... but it's OK you made enough that it was a good idea.
But HOW can someone borrow money to BUY a company then say the cost of the loan should go on the companies books?
I don't get it. :(