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Question regarding director loan - extension

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

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azb
Newly Registered
Posts: 4
Joined: Mon Jan 21, 2008 1:08 pm
United Kingdom

Question regarding director loan - extension

Post by azb » Sat Oct 08, 2016 11:14 pm

Hi , my question is regarding director loan , I have shown 2000 pounds in the first year while the second and third year director loan is 55k,

Now the question is in the first year I haven't open business bank account so should I show my personal account or should I pay back that amount to my self as accountant advised ??????

Thanks for your time

Best of luck for every one

awan905
Member of Standing
Posts: 274
Joined: Sat Sep 17, 2016 8:48 am

Re: Question regarding director loan - extension

Post by awan905 » Sun Oct 09, 2016 11:03 am

As long as you have invested 50K and from your personal bank to business bank and that is trackable then there is no issue.

azb
Newly Registered
Posts: 4
Joined: Mon Jan 21, 2008 1:08 pm
United Kingdom

Re: Question regarding director loan - extension

Post by azb » Sun Oct 09, 2016 11:54 pm

For 2k director loan , I don't have business bank statement as I didn't open bank account in the First year . How to show it to home office as I have only personal account statement , need urgent advice

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