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Director Loan Agreement...Big Confusion

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goodlk4u
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Director Loan Agreement...Big Confusion

Post by goodlk4u » Thu Jun 30, 2016 7:59 am

I am not sure if my ONE director’s loan will acceptable by HO or not.
My financial accounts confirm that money have been invested in the form of director’s loan however loan display in the first year financial accounts under (other creditors WITHIN ONE YEAR). The remaining two years’ financial accounts display director’s loan under (other creditors MORE than ONE YEAR).
Can you please confirm if one loan agreement is enough because one of the clause included in this unsecured loan agreement is that it is extended for another 4 years?

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zimba
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Re: Director Loan Agreement...Big Confusion

Post by zimba » Fri Jul 08, 2016 5:13 pm

It should be enough if one agreement covers all your investment
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