Another thought, ensure your loan policy allows for this. Depending on how you structure it, the loan can certainly be done, but ensure it complies with your designated/desired loan products.
Don't come back and add that the has never done this before but this is for a director... Then we're into potential Reg O issues.
My opinions are not necessarily my employers.
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell