When you employ a business loan to buy property, or to generate funding for any other business purpose, the bank keeps an interest in that property till the loan has been paid in full. Unlike other kinds of business loans, which sometimes have a comparatively short repayment period, you can take out a loan for so long as 30 years if you like.
The bank receives repayment of the business mortgage principal and interest over the life of the loan.
In general, the interest on a business mortgage is tax deductible and the results of the loan are not thought to be taxable revenue.
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