Hello visa gurus
I'm on entrepreneur visa- 50 k . my extension is due this oct 2015 .
Setting up my business cost was much more then £ 50000 so I invested £55000 of my own money and rest of the money I took 2 loan from 2 different UK based originations. One was a government funded business loan and other was funded by private sector. I paid back all the govt loan this year and first loan is all over but loan funded by private sector loan is still pending and instalments are due till 2017 . It shows on my company records that I have taken loan from that private organization.
Are we allowed to take loans for our business in entrepreneur visa category ?
Do you think that it can be a problem for my extension ?
Thanks
S
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