Legally binding agreements are integral to funding arrangements: protecting the parties’ interests and ensuring that the terms and conditions set out how a loan is made available to a borrower.
We advise on many different types of loans, including secured and unsecured lending and business loans, and always work proactively to get the deal completed on time.
We work with lenders to ensure that the loan agreement includes the necessary terms and conditions, and with borrowers to advise and, if necessary, negotiate. We always ensure that borrowers fully understand the implications of any agreement.
Services
Business loans
Director loans
Inter-company loans
Partnership loans
Private loans
Providing advice and guidance on loan terms and conditions
Secured loans
Shareholder loans
Loan agreement terms and conditions
A loan agreement should be accurately drafted to ensure that all parties understand what is expected and the terms by which they are bound. We work with clients in drawing up an agreement tailored to their circumstances.
Key conditions include:
How and when funds will be made available, including what conditions must be satisfied in advance
How and when repayment will be made
The amount of the loan and its permitted purpose
The rate of interest that will be charged and how this will be applied
The warranties and undertakings that each party is making
What the loan is secured against if it is a secured loan
What will happen in the event of a default
Whether early repayment or overpayment will be allowed and how this will work
