Putting some money into your limited company and wondering how to open your director's loan account? Your Filing Options.File online with a credit card. How do director's loans work? A complete guide to understanding and managing director's loans for business success. When applying for an SBA 7(a) loan, you must complete SBA Form 1919. File for your incorporation using our forms completed online and save thousands of dollars over what a typical attorney would charge! Only one director is required and a director can be of any nationality. Directors are generally called Managers or Managing Members in the case of LLCs. If your business entity was filed on or after January 1st of this year: Amendment and affidavit forms are available for you to file.