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LfA loan

April 14, 2010 | 25,00 EUR | answered by

Dear Sir or Madam,

After a GmbH was founded with a total of 3 shareholders involved, the then main shareholder (69%) applied for a LfA loan of xxxEUR, of which xxxEUR (69%) was paid out. However, a security transfer of the company's premises to the bank was a basic requirement, as the borrower had no or only minimal collateral. The company took over the repayment and interest payments for the LfA loan granted in the amount of xxx.-- with a shareholder resolution stating that the funds are available to the company.

Now, three questions arise:
1.) Is this a loan for the company?
2.) From whom, LfA or shareholder?
3.) Should this be considered a shareholder loan?

Best regards,
Joerg Lindner