Putting some money into your limited company and wondering how to open your director's loan account? If you work in the entertainment industry, learn how to set up a loan out company and the benefits of one.A business entity can be formed in California online at bizfileOnline.sos.ca.gov. Filing tips are included with most online forms. The Small Business Loan Guarantee program is available to small businesses throughout the state of California and serves hundreds of small businesses each year. California banned loans to directors and officers decades before Congress thought of doing so as part of the SarbanesOxley Act of 2002.