Writing off a directors loan in credit: Here's what you do
Starting a business doesn’t come without its initial expenses, and an effective way to gain funding for things like stationery, rent, website packages and other start-up fees is to loan your business some money in the form of a director’s loan. This loan will help you cover the many expenses that you’ll experience in the beginning stages of starting your business before you start making a steady income and gain your first clients. There are also instances in which you may want to borrow money from your business for your own personal use. As a limited company director, you have the oppor...
Source: realbusiness.co.uk