Borrower must perform, upon Bondowner Representative's request, all acts necessary to perfect any lien or security interest provided for in the Loan Documents. Are you charging interest on your Directors Loan Account?You can charge interest on your loan. For your company the interest counts as a business expense and is deductible from profits. Grants and Financing for Small Businesses and Non-Profits. Review information about small business grants and loans from both California and federal agencies. This page contains questions and answers to the most frequently asked questions taxpayers have about the Business Tax and the Creative Artist Exemption. I'm wanting to add an interest component to a long term loan liability account.