How do director's loans work? A complete guide to understanding and managing director's loans for business success.The interest rates for the SBA 7(a) Loans can be variable or a fixed rate. I'm wanting to add an interest component to a long term loan liability account. Loan terms are interest-free with no monthly payments, prorated annually based on the affordability period (residency term of the loan). Each taxable entity formed in Texas or doing business in Texas must file and pay franchise tax. To start working with Jordan, give us a call or fill out our online submission form. At least two Independent Directors must also qualify as public interest directors (the "Public Interest Directors") under the Rules and Regulations.