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  1. O

    Is it better to pay off business debt or mortgage first?

    Business debt is about four times the size of mortgage. It makes very solid profits as is but could do with some modernising, but it could chug away as is for four or five years churning out pretty reliable profits. I could get rid of the mortgage in a couple of years if I paid the tax to get...
  2. O

    Is it better to pay off business debt or mortgage first?

    Is that possible without setting up a loan agreement between the companies? Obviously I should ask my bean counter this stuff but would still appreciate thoughts from SS.
  3. O

    Is it better to pay off business debt or mortgage first?

    So, I bought a business a year or so ago and it's doing fairly well. I have a reasonable chunk of profit I'd like to use to pay down some debt, but I'm not sure whether it is better to pay down my business debt or mortage. The mortgage is obviously non deductible, but to pay it off I would need...
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