Need some advice. Two people are starting a company, they are buying a franchise. Both are entering into loans to finance the purchase of the franchise. Both will take out R 350 000 loans (bond financing) to finance the buying of the franchise. What is the best way to structure these and repayments. Should they be be registered as long term liabilities on the balance sheet and monthly repayments of the loan recorded as such or is it better to register these as debentures with monthly interest payments? i.e on a R350k debenture at 15% monthly interest repayment?