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LOAN AGREEMENT

Our Loan Agreement drafting service is suitable for use in a wide range of lending situations. Each agreement will be tailored to meet the specific requirements of the loan facility in question and will clearly set out the rights and obligations of each party.

We have a wide range of experience of advising both lenders and borrowers, including individuals and corporate entities. We will work with you to ensure that the loan agreement (or facility agreement as it is often referred to) accurately reflects the terms of the loan.

This will include, among other things, details of draw down, interest, repayment, conditions precedent and subsequent and what happens in the event of default of the borrower.

What does our service include?

1

Telephone Conference - to provide guidance and take detailed instructions.

2

Loan / Facility Agreement - a comprehensive agreement tailored to your requirements.

3

Guidance - written in plain English.

Loan Agreement Service
From £200    ( £240.00 inc. VAT)
Please contact us for a fixed quotation.

As a borrower, you may be expected to provide security to the lender in respect of the loan and, as a lender, you may require security in order to obtain additional protection in the event of non-payment.

Common examples of security are:

  1. a mortgage over an asset of the borrower, such as a freehold property; and
  2. a fixed or floating charge over certain, or all, of the borrower's assets (often set out in a Debenture).
Please contact us if you wish to discuss this is more detail.

BANK LENDING FACILITIES: When borrowing from a bank, they will often have their own documentation that you will be required to sign. We are happy to advise you in relation to this documentation and explain to you what your rights and obligations are. Please contact us for details.

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© 2015 Legal Clarity Limited: Corporate & Commercial Legal Services - Company Formation - Company Secretarial Registered in England and Wales (number 6452925) and authorised and regulated by the Solicitors Regulation Authority (SRA number 573589). Avebury House, 55 Newhall Street, Birmingham B3 3RB. Tel: 08456 800 727. VAT registration number 925709016.