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A business loan is a balance sheet item, and the repayment of it doesn’t enter your profit & loss (ie it’s not an expense, the payment reduces your liabilities, just as receiving the original funds isn’t income, but increases your liabilities).

However, the interest portion may be deductible and included as a business expense. This you would have to speak to your accountant to confirm, depending on your personal situation, but as a legitimate business expense it would be pre-tax calculations.

Wendy :)