Company Loan?

[Buckstewerbuck]

I am trying to get a company loan, but have found a better offer if I get a personal loan instead.

would there be a problem in getting a personal loan for say £10k and lending it to the company to buy computer, office equipment etc...

would the company have to pay me interest on top of the monthly payment?

any help appreciated

[xoggoth]

NAA but there is no problem with you loaning the company money, just make sure it's documented so nice taxman does not come along later and assume it's income. You can also pay yourself a highish commercial rate of interest (I don't know what highish means in figures either, currently trying to find out) however, as it would be taxable at whatever your highest tax rate is that may not be worthwhile. Best to draw up a proper agreement if you do.