The record fails to contain any convincing proof that the money received by Robert Freund, the sole shareholder of Preferred Computer Trading Corporation, was a loan. Instead the evidence indicates, as the Unemployment Insurance Appeal Board found, that the money constituted remuneration for services Freund rendered (see, Labor Law § 517). For example, Freund testified that he "sleep[s], eat[s] and drink[s] the business", yet he received no salary. In addition, there is no evidence of any loan agreement and Freund did not start repaying the money until after the Commissioner of Labor commenced his investigation regarding the corporation's failure to report any remuneration paid. As such, the Board's decision should be affirmed (cf., Matter of Daugherty [Catherwood], 24 A.D.2d 919, 920, lv denied 17 N.Y.2d 422).
Decision affirmed, without costs. Weiss, J.P., Yesawich, Jr., Levine, Mercure and Harvey, JJ., concur.