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Director Loan

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

Moderators: Casa, John, ChetanOjha, archigabe, CR001, push, JAJ, ca.funke, Amber, zimba, vinny, Obie, EUsmileWEallsmile, batleykhan, meself2, geriatrix

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hnav
Junior Member
Posts: 71
Joined: Sun Jun 30, 2013 4:48 am

Director Loan

Post by hnav » Sun Oct 27, 2013 6:34 am

Hi

I am going to submit my documents of tier 1 ent PSW 50k. I have transfer 1k from personal account of investment ( 50k ) to business account and invested in my business. Do I need director loan agreement and solicitor letter to show my investment or what document need to show them my investment.

Regards
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Legal83
Member
Posts: 200
Joined: Sun May 26, 2013 6:32 pm

Post by Legal83 » Sun Oct 27, 2013 1:31 pm

if u have invested in ur business, then u have to provide director loan agreement with ur application.
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hnav
Junior Member
Posts: 71
Joined: Sun Jun 30, 2013 4:48 am

Post by hnav » Sun Oct 27, 2013 3:11 pm

If I provide unuaudit accounts and accountant letter confirming the investment. It will be fine or must provide director loan agreement as well or both

Regards
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Olasunkanmi
Diamond Member
Posts: 1324
Joined: Sat Aug 17, 2013 11:28 pm
Location: London, UK.

Post by Olasunkanmi » Sun Oct 27, 2013 7:32 pm

@ hnav, its better for you to have complete 50k in your personal account apart from the £1000 transferred into your business account and leave the issue of invested funds for now as that might complicate issue with the caseworkers who find silly excuses to refuse visa.

Just keep the records of investment in business for accounting and renewal purpose.
The key to success is knowledge and hardwork, and to have faith.
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Entreprenuersweare
Member
Posts: 118
Joined: Fri Sep 27, 2013 11:56 am
Mood:
United Kingdom

Post by Entreprenuersweare » Tue Nov 12, 2013 9:25 pm

Olasunkanmi wrote:@ hnav, its better for you to have complete 50k in your personal account apart from the £1000 transferred into your business account and leave the issue of invested funds for now as that might complicate issue with the caseworkers who find silly excuses to refuse visa.

Just keep the records of investment in business for accounting and renewal purpose.
Hi Olasunkanmi

Please can you advise on the situation below.
If you are unable to show funds in a joint personal acc as you are unable to open one or show access of funds to your team member on your acc and have a business acc can you show this as invested funds in the business when making a fresh application if your appeal is rejected.
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miss khan
Newbie
Posts: 33
Joined: Sat Aug 23, 2014 5:01 pm

Re: Director Loan

Post by miss khan » Sat Feb 07, 2015 11:06 am

Plz help me
I got refusal be use I wrote in my business plan that the company wil returned the director loan in three years ...but I didn't send any director loan latter with my documents.....at the time of application I had transferred 5000 from my joint account to my business account ....wat can I do in this situation ..is there any solution ...
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