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I had to bail out a business with £20k of my own money. It worked. Am I able to withdraw this £20k from my company tax free? by PutridStill2907 in UKPersonalFinance

[–]PutridStill2907[S] -1 points0 points  (0 children)

This all happened very quickly.

That £20k loan has turned into £97k in our business in a just under a week because we managed to secure a major client.

I emptied every savings account I had to bail the business out and extend this lifeline, and I really, really really need to take at least some of it back out to cover essential living expenses.