How do I repay a Director’s loan account?

Jordan Macey

April 21, 2021

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Small Business Accounting

There are various ways to repay a director’s loan.

  • Dividend: A dividend can be declared, and the money can be used to pay off the loan instead of being transferred to the director’s personal account.
  • Cash repayment: A repayment is made by transferring money into the company account.
  • Expenses or salary: The loan can be paid off using other money to the director, such as the director’s salary or expense reimbursements.

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