Loan to loanee spaced over 5 yrs

cloudyskies

Hopefully this will make sense!
Would it be possible to borrow over a period of five years. An example would be; bank gives me £15000 each year over 5 years. This would be serviced monthly obviously increasing with each added £15000. Total loan £75,000. This is to make it easier for family business to pay me out as a retiring parent. Could that total loan be secured against the business assuming there is plenty to secure against? The security of this loan is a vital component.
Many thanks

System

No, nobody does this. Why can't the business just pay you £15k a year? It would certainly save the business money over getting a loan. You're going to be paying income tax on the money whether the business does it out of their profits or pay you out of a loan they get.

Sncjw

How will the business pay it back if they can’t afford to pay you direct

John-K_3

You said in February that you were no longer running a business. What happened?

cloudyskies

Goodness, more questions than answers, thanks for input. Sometimes life isn't straight forward, clean and tidy.

John-K_3

cloudyskies wrote: »

Goodness, more questions than answers, thanks for input. Sometimes life isn't straight forward, clean and tidy.

No, which is why people asked questions, to get some context and be able to help you better. Given this weird response, and you not answering any of them, I’ll leave you to it.