580. Loans for business purposes.

Where a loan is made to a person engaged or about to engage in any business1, on a contract with that person, whether oral or written2, that the lender is to receive either a rate of interest varying with the profits3, or a share of the profits arising from carrying on the business4, then, if the borrower is made bankrupt, or enters into an arrangement to pay his creditors less than 100 pence in the pound, or dies insolvent, the lender will not be entitled to recover anything in respect of his loan5, until the claims of the borrower's