His answer around the loans was ridiculous, suggesting they'd have to do due diligence to make sure they could repay the loan. I imagine the conversation would go something like this ...
Club: Can we get £50,000 please?
SPFL: No, sorry we can't because we need to check that you can afford to repay it.
Club: But its my money, can't I get it?
SPFL: Yes of course you can get £50,000 but not as a loan. We need to just give it to you.
Club: I thought you were worried that I couldn't pay it back?
SPFL: Yes, that was because it was a loan, but it's your money so we will just give it to you.
Club: So you were worried about me defaulting on the loan, secured against my own money, but you're happy to just give me my money?
WHAT!?!?!
I showed this to some of the bankers I deal with. They think this is hilarious, but that's because they don't support teams in Scotland and don't care about the idiots running our game.