Can I borrow from my company to buy property in my personal name?

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(Initiate)Initiate

5 June 2022

My company made $500k after tax profit and I am wondering if I can access to that money to buy property in my own name? Because the property will be purchased by money lent by the company so the property will be the security and enter into a 25 year Division 7A loan agreement with my company?

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