... ability to repay. A major factor that plays a role in a small business loan approval is credit. Many entrepreneurs worry that a small business loan will have a negative impact on their credit ... shop around and compare interest rates carefully, as they can vary significantly. Negotiate with the bank manager to get the best deal and ask for any special terms in writing. . • Use a finance ... Loan repayments. • Dividend payments. • Income tax, corporation tax, VAT, and other taxes. • Reduced overdraft facilities. Many expenses, such as salaries, loan repayments and tax, have...