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A loan in excess of one year (in this case 5 years) would be listed on the Balance Sheet under the category Long-Term Liabilities.
If the loan is from a bank, for example such as Chase Bank, you would then list the title such as "Loan from Chase Bank" as a sub-item under the Long-Term Liabilities section.
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Yes...when the money comes into the company (if it's cash)...you would increase the bank account of the company. Essentially you would have a journal entry of a debit to cash and a credit to "Long-Term Liabilities". This entry increases both the asset and liability account by the amount of the loan and cash deposited into the company account.