Putting some money into your limited company and wondering how to open your director's loan account? This guide will inform you of various legal requirements and direct you to additional resources.How do director's loans work? A complete guide to understanding and managing director's loans for business success. File an annual report for a Corporation, Not-for-Profit, or Limited Liability Company online. Incorporate a business or terminate an LLC. Business Accounts are simple to set-up with the right documentation. Search for a business entity, reserve a name, print a Certificate of Good Standing, and more. Xero makes it easy to record and track director's loans and borrowings. Its key features include: Set up a separate Director's Loan account.