how to offset some income on 1099INT

[yelcab2]

I made a loan of $100K at 9% to an entity and received a 1099INT for $9K as interest income. That $100K costs me 4% as interest I have to pay to a bank.  How do I reduce, or offset, the $9K gain from the 1099INT?

[Carl]

If you are in the business of lending money, then the 4% would be a business expense.