There are a few steps on how to create a loan account and record transactions for said account. You can read more here, Set up a loan in QuickBooks Online but see below on how to get started in setting up the account.
Set up a liability account to record the loan:
In regard to go about how to record this type of transaction I'd recommend you reach out to a QuickBooks Online Certified ProAdvisor for best practice to make sure everything is being recorded properly.
Please reply here if you have any additional questions.
It looks like what you explained is a loan from a director othe than a loan to a director.
Our business has recently purchased a car that is 50% personal use by the director. I was told to record,
(Dr Loan to Director, Cr Motor vehicle contribution), which ends up an increase of income of $15,000 for March 2020.
How do I make accounting entries for the transactions please?
The car costs $30,000 and 50% business use. Recent tax law allows write-off of the car other than annual depreciation.