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Director Loan Sample agreement

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix, John, ChetanOjha, archigabe

zshaan21
Junior Member
Posts: 68
Joined: Wed Aug 27, 2014 6:20 pm
Pakistan

Re: Director Loan Sample agreement

Post by zshaan21 » Sun Feb 15, 2015 9:39 pm

Hi guys,

Can some one please send me the Director Loan Agreement Template??

It would be a great favour.

kind regards and best wished for every one!!!

Atif786
Member of Standing
Posts: 268
Joined: Thu Aug 15, 2013 2:48 pm
Location: United Kingdom
Contact:

Re: Director Loan Sample agreement

Post by Atif786 » Thu Feb 26, 2015 3:46 pm

Hi Guys, Can anyone of you email me or PM me the same Director Loan Sample agreement, i have been asking for the same on different threads but no one seems to be responding, will be highly appreciable if you guys can be generous enough to share the same with me.
Atif

csb
Newly Registered
Posts: 9
Joined: Wed Nov 12, 2014 4:28 pm

Re: Director Loan Sample agreement

Post by csb » Sun Mar 01, 2015 2:27 pm

hello please can i get a copy of the director's loan. email address removed by moderator

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Mag8891
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Joined: Mon Apr 30, 2012 11:17 am

Re: Director Loan Sample agreement

Post by Mag8891 » Sun Mar 01, 2015 8:53 pm

Hi, could you please send me the loan sample as well
email address removed by moderator

Many thanks!

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niomi
Member
Posts: 129
Joined: Tue Oct 09, 2012 9:45 am
United States of America

Re: Director Loan Sample agreement

Post by niomi » Mon Mar 02, 2015 8:10 pm

Could I get this as well? Thank you

luv369
Newly Registered
Posts: 4
Joined: Tue Mar 03, 2015 5:19 pm

Re: Director Loan Sample Agreement

Post by luv369 » Tue Mar 03, 2015 5:28 pm

Hi mate

could you please forward to my email as well .

thanks
A.D.
Legal83 wrote:Pls check ur inbox

tier1tier1tier1
Newbie
Posts: 40
Joined: Thu Jan 31, 2013 11:40 am

Re: Director Loan Sample agreement

Post by tier1tier1tier1 » Thu Mar 05, 2015 10:31 pm

Hello All...

I am not sure why every one is running after director loan ...?

as per guide line
(https://www.gov.uk/government/uploads/s ... 3_2015.pdf)
Page 33

We have 3 options

Evidence to show how much has been invested
114.
You must provide all the appropriate specified documents needed to establish the amount you have already invested from the following list.
i.Audited accounts :Registered companies that are required to produce audited accounts must do so.
For information on who needs to produce these accounts please refer to the Companies House website on
http://www.companieshouse.gov.uk/about/ ... gba3.shtml

ii.
Unaudited accounts and an accountant’s certificate of confirmation
Businesses that are not required to produce audited accounts must provide unaudited accounts, sometimes called management accounts, together with an accounts
compilation report from a suitably regulated accountant (see below).
Audited or unaudited accounts must be prepared and signed off in accord ance with statutory requirements and must clearly show the investment in money made directly
by you, in your own name, or on your behalf and showing your name.
You should indicate where this is shown on your evidence. If you have invested by way of share capital the business accounts must show the shareholders, the amount
and value of the shares (on the date of purchase) in your name as it appears on your application. If the value of your share capital is not shown in the accounts,
then share certificates should be submitted in addition to the accounts as documentary evidence. The accounts should clearly show the name of the accountant and the
date the accountswere produced.
The accountant must be a member of a recognised UK supervisory body (see glossary); if not, we will not accept this evidence.
The accounts must show how much you have invested in the business

iii.
Director’s loan

I am sure if some one running a company with such big invesment surely taking advice from good register accountant.
In that case option 1 or 2 are easy, I guess.

bizz123
Member
Posts: 239
Joined: Thu Jan 23, 2014 9:56 pm

Re: Director Loan Sample agreement

Post by bizz123 » Sat Mar 07, 2015 2:28 pm

Can any one send me sample document of director loan agreement

luqmanzaheer
Junior Member
Posts: 78
Joined: Thu Apr 26, 2012 2:02 pm
Location: bradford
Contact:

Re: Re:

Post by luqmanzaheer » Mon Apr 06, 2015 12:59 pm

paru.org wrote:
Legal83 wrote:Pls check ur inbox
please send me alsoo..
thanks
hi friend can you please email me director loan agreement you used in your visa extension. kind regards thanks

bizz123
Member
Posts: 239
Joined: Thu Jan 23, 2014 9:56 pm

Re: Director Loan Sample agreement

Post by bizz123 » Mon Apr 06, 2015 6:38 pm

Hi legal83
Can you pls share director loan agreement
Regards

Atif786
Member of Standing
Posts: 268
Joined: Thu Aug 15, 2013 2:48 pm
Location: United Kingdom
Contact:

Re: Director Loan Sample agreement

Post by Atif786 » Wed Apr 08, 2015 12:08 am

Hi Guys, i have a similar question,
i have already invested 50k into my business in the form of director's loan with an agreement that loan is unsecured and subordinate to 3rd parties and it's duration is 10 years and there won't be any interest payable towards loan by the company towards me,
now my questions are
1) is it sufficient to leave the money ( 50 K) in my business account as my business dosen't need any furthr investment as i provide it services and my company earn good money through 3 contract which is good enough to pay salaries to my employees and meet out running cost of the company, why would i unnecessary put the money in buying business premises or taking a lease, when my rented office is enough.
2) or can i buy a business premises in the name of my company as money has been in business account now and have my business registered there with all the bills and counsil tax.
3) will buying a business premises in the name of my company after giving loan to company , will it considered as investment ot will they consider it to be bought for the purpose of reselling as they have pointed out in the guide lines, but i'll be registering my business there.
kindly replyHi Guys, i have a similar question,
i have already invested 50k into my business in the form of director's loan with an agreement that loan is unsecured and subordinate to 3rd parties and it's duration is 10 years and there won't be any interest payable towards loan by the company towards me,
now my questions are
1) is it sufficient to leave the money ( 50 K) in my business account as my business dosen't need any furthr investment as i provide it services and my company earn good money through 3 contract which is good enough to pay salaries to my employees and meet out running cost of the company, why would i unnecessary put the money in buying business premises or taking a lease, when my rented office is enough.
2) or can i buy a business premises in the name of my company as money has been in business account now and have my business registered there with all the bills and counsil tax.
3) will buying a business premises in the name of my company after giving loan to company , will it considered as investment ot will they consider it to be bought for the purpose of reselling as they have pointed out in the guide lines, but i'll be registering my business there.
kindly reply
Atif

regularuser
Member
Posts: 224
Joined: Wed Apr 08, 2015 9:47 am
India

Re: Director Loan Sample agreement

Post by regularuser » Wed Apr 08, 2015 9:50 am

Hi there,

I will appreciate if you send me a copy or director loan agreement.

Thanks

kingman_9090
Newly Registered
Posts: 9
Joined: Wed Apr 08, 2015 5:32 pm

Re: Director Loan Sample agreement

Post by kingman_9090 » Wed Apr 08, 2015 5:52 pm

Hi

is there any senior member who can send me the director loan agreement please which is acceptable for extension purpose i am a new user it will be so nice off you

cheers

walkingintherain
- thin ice -
Posts: 67
Joined: Fri Apr 05, 2013 11:06 am

Re: Director Loan Sample agreement

Post by walkingintherain » Tue Apr 14, 2015 7:44 pm

Hello guys,
can i have a sample of director / company loan agreement as well please.
my extension is due in may 2016. 50k route. Best of luck to all of us.

khandrakhan
Newbie
Posts: 40
Joined: Sat May 02, 2015 5:29 pm

Re: Director Loan Sample agreement

Post by khandrakhan » Sat May 02, 2015 8:47 pm

Please can I have one as well? Big thanks

vidysikd5
Newly Registered
Posts: 1
Joined: Mon Jun 01, 2015 1:32 pm

Re: Director Loan Sample agreement

Post by vidysikd5 » Mon Jun 01, 2015 1:38 pm

Hi Everybody,

I'm new to this forum,so a very warm hello to everyone.

Can anyone be so kind enough to send me a copy of a "Subordinated Director's Loan Agreement" please?

Thank you in advance.

nadeem75
Member
Posts: 100
Joined: Fri Jun 12, 2015 8:57 am
Mood:
Pakistan

Re:

Post by nadeem75 » Fri Jun 12, 2015 9:41 am

Legal83 wrote:Pls check ur inbox


hi
can i have also please Director loan agreement sample.
Thanks

Regards
nadeem[/quote]

NabilElsayed
Newly Registered
Posts: 5
Joined: Mon Jun 16, 2014 8:40 am

Re: Director Loan Sample agreement

Post by NabilElsayed » Fri Jun 12, 2015 10:03 am

Hi,

Would you please send a copy of the Director's Loan agreement

Best regards

Nabil

asfan123
Member
Posts: 117
Joined: Mon Oct 20, 2014 12:21 am

Re: Do I need to submit any Loan letter..

Post by asfan123 » Sat Jun 13, 2015 5:17 am

vfinancials wrote:Hi,
I am applying for Entrepreneur visa this month. I have my personal funds in my bank account. Can anybody tell me, do I need to submit any Director Loan Letter or anything except bank statement. I am applying within UK. Much appreciated. Thanks
hi,

it would be more better if u transfer funds to your business account and show as a director loan agreement. This means that you have given your funds to business (company) and company has signed a loan agreement with u i.e. director loan agreement. More safe side... Better to show your funds in business account..
------------------------------------------------------------------------------------------------

------------------------- Director Loan Agreement (Sample)------------------------------
----------------------------------------Between-----------------------------------------------
----------------------------------Mr ABC and Mr XYZ-----------------------------------------
-------------------------------------------And--------------------------------------------------
---------------------------------Business Company Ltd--------------------------------------

-------------------------------------------------------------------------------------------------


Main Contents of Director Loan Agreement

This agreement is made and entered by between Mr ABC & Mr XYZ independent persons and referred as to as ‘Directors’ and Business Company Ltd.

In consideration of the covenant and condition hereinafter set forth, Mr ABC and Mr XYZ – Directors and company agrees as follows:

1 – Term
This agreement commences from the start of ARD (accounting reference date) of company. The Directors & Company may terminate the loan agreement at any time with mutual consent of both the parties except for payment due to third party/parties creditors prior to date of such terminations

2 – Interest Rate
There is consensus between both the parties that the Directors Loan is “Interest Free”.

3 – Tenure
The tenure of Loan Agreement will be for three years and renewable with the consensus of both the parties depending upon the profitability index of an enterprise.

4 – Loan Security
The Director’s Loan is unsecured and subordinated in favour of third party short term and/or long term creditors.

5 – Loan Amount
The outstanding balance of loan is amounting to £50,000.00 as on 13th June 2015.

6 – Confidentiality and Ownership
The loan agreement recognises and acknowledges the confidentiality of all financial and other information of the company obtained by directors during the performance of his duties and obligations



Executed this 13th June 2015




Authorised Signatures
(Company Officials)



1. ____________________
Mr XYZ – Director



2. ____________________
Mr XYZ – Director




Authorised Signatures
(Lenders)




1. ____________________
Mr ABC
(D.O.B: 02/01/1985)



2. ____________________
Mr XYZ
(D.O.B: 01/01/1986)

Charanwick
Newly Registered
Posts: 2
Joined: Sat Jul 11, 2015 12:04 pm

Re: Director Loan Sample agreement

Post by Charanwick » Sat Jul 11, 2015 12:15 pm

Hello guys.
Can I also get a copy of loan contract. Would be very grateful, as I need it very much.
Thank youu.appriciate
xxxxxxxxxxxxxxxxxxx

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Last edited by noajthan on Thu Feb 04, 2016 11:56 pm, edited 1 time in total.
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Charanwick
Newly Registered
Posts: 2
Joined: Sat Jul 11, 2015 12:04 pm

Re:

Post by Charanwick » Sat Jul 11, 2015 12:21 pm

hi
Can I also get a copy of loan contract. Would be very grateful, as I need it very much.
Thanks

nadeem75
Member
Posts: 100
Joined: Fri Jun 12, 2015 8:57 am
Mood:
Pakistan

Re:

Post by nadeem75 » Thu Oct 22, 2015 12:25 pm

Legal83 wrote:Pls check ur inbox
hi could i have sample of director loan and advise me how to get legalized.
thanks a lot

nadeem75
Member
Posts: 100
Joined: Fri Jun 12, 2015 8:57 am
Mood:
Pakistan

Re:

Post by nadeem75 » Fri Oct 23, 2015 11:14 am

rahil74098 wrote:Hi guys,
I got a visa on 28/09/2012. I sent this Director Loan agreement letter to UKBA. I hope this will help all of you.

Director's loan to (Your Company Name)
Lender: (Your Name)
Loan: (£ Amount)

I, (Name) director of XYZ Company do hereby agree to lend (Amount) to XYZ Company.

This loan is interest-free, unsecured and subordinated in favour of third-party creditors of the company. The loan is repayable after one year.

Your Name

sign
(Director, XYZ Company) Date:
Hi Rahil, i am searching Director loan agreement, i find your reference that you got visa, that is really a great achieve, Could you forward me sample of this Contract, and advise me how do make legal, either by notary public attested or just witness sign.

regards
nadeem
xxxxxxxxxxxxxxxxxxxxxx

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Last edited by noajthan on Thu Feb 04, 2016 1:40 pm, edited 1 time in total.
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nadeem75
Member
Posts: 100
Joined: Fri Jun 12, 2015 8:57 am
Mood:
Pakistan

Re:

Post by nadeem75 » Fri Oct 23, 2015 11:16 am

Legal83 wrote:Pls check ur inbox
could i have same please,

regards
nadeem

ashishsrivastava
Newly Registered
Posts: 1
Joined: Tue May 31, 2016 2:05 pm

Re:

Post by ashishsrivastava » Tue May 31, 2016 2:08 pm

Legal83 wrote:Pls check ur inbox
Hi,

Could you please provide me with a sample of the Director's loan certificate as well?

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