Originally Posted by
Fr_Chuck
You can not just transfer money, you can pay yourself and then the check or money you give yourself is a business expense.
Chuck that is an incorrect statement, money you pay yourself out of a business is drawings, not a business expense. You are suggesting that this person has falsely calculated a loss in such a manner. I don't see that implied. What I see implied is a completely inept business owner doing what so many do, confusing income with profit and capital with available funds
He wants a loan, then prove you have sufficient income and available cash after drawings to repay the loan