Considering starting own business and unsure on how the business loan gets paid back. Does that come from the company money and considered an expense or is that seperate and we need to pay that loan from our personal savings? For example - if the loan amount is $15,000 and at the end of the year the company has a surplus of 10,000 - can I use that 10,000 to pay down the loan and count that as an expense?

The money comes from the business as a loan expense. IF YOU DO NOT PAY back the loan you will likely be held personally responsible

Paying back a loan is never a deduction.

However, the interest paid is.

If you borrow $15,000 and pay back $16,000, you would have a $1000 tax deductible business expense.

It's a loan for the business so the interest is a business expense. Repaying the loan is repayment of capital

A loan is a liability. Interest is an expense. You presumably used the loan either to pay expenses or purchase assets.

Depends on how the business is legally set-up. If it is a sole-propriator, then company $$ & personal $$ are the same. If it is a corporation, then the two are separate, & the loan should be paid back out of the earnings of the company, & then expensed.

By handing it to the person you owe it to.