Loan From Directors

A director’s loan is defined as money taken from your company’s accounts, not compensation, dividends, or authorized costs.

In another way, it is money that you, as a director, borrow from your business and will have to repay at some point.

Director’s loans are utilized when you need to access funds in your limited company that is not available through salary, dividend, or business cost repayments. They can be utilized when your finances require a boost, such as after an unexpected spend.