When do I use this document? for a company which is controlled by a majority shareholder and with minority shareholders in conjunction with their Shareholders Agreement – for Paper Rock’s template majority/minority Shareholders Agreement, see Shareholders Agreement: majority/minority shareholders for a private limited company incorporated in England and Wales What are the key features? form of new Articles of Association for the company amendments and additions to the Companies Act 2006 Model Articles process for the allotment of new shares regulations governing the transfer of shares, including: permitted transfers to defined classes of permitted transferees pre-emption rights on the transfer of shares to third parties compulsory transfer on a shareholder ceasing to be employed or breaching the shareholders agreement tag-along and drag-along rights regulation of shareholder meetings rights of majority shareholder to appoint a majority of directors and rights of minority shareholder to appoint a single director provisions relating to the proceedings of board meetings regulation of directors’ conflicts of interest and transactions with directors What other documents are available? For template Articles of Association where the company is owned by equal 50/50 shareholders, see Articles of Association: equal 50/50 shareholders

Loan Agreement: secured

A secured loan agreement template for a fixed-amount loan to a corporate borrower incorporated in England and Wales. The loan is drawn in a single advance and repaid either in full on a set date or through installments.

secured loan agreement for a secured loan of a fixed amount to be drawn in a single advance
for a borrower which is a company incorporated in England and Wales
for a loan repayable on a single repayment date or in instalments

What are the key features?

easy to edit, with 21 clauses over 13 pages
single advance of specified loan amount
regular interest payments at either fixed or floating interest rate by reference to specified bank’s base rate of interest
repayment either on a single repayment date or in instalments
undertakings from the borrower, including to provide information to the lender and prohibition on granting security and additional borrowings
events of default, including a failure by the borrower to repay the loan or interest, leading to the lender having the right to demand immediate repayment

What else do I need to know?

The security would need to be created and governed by a separate security document between the borrower and the lender, depending on the nature of the secured property or assets. Examples of security documents include:

a charge over property
a charge over shares
a debenture, containing fixed and floating charges over all of the borrower’s assets and undertaking

What other documents are available?

For a form of unsecured loan document, see

Loan Agreement: unsecured

For forms of unsecured and secured facility agreements, for advances of loans in several lump sums, see

Description

When do I use this document?

for a company which is controlled by a majority shareholder and with minority shareholders
in conjunction with their Shareholders Agreement – for Paper Rock’s template majority/minority Shareholders Agreement, see Shareholders Agreement: majority/minority shareholders
for a private limited company incorporated in England and Wales

What are the key features?

form of new Articles of Association for the company
amendments and additions to the Companies Act 2006 Model Articles
process for the allotment of new shares
regulations governing the transfer of shares, including:
- permitted transfers to defined classes of permitted transferees
- pre-emption rights on the transfer of shares to third parties
- compulsory transfer on a shareholder ceasing to be employed or breaching the shareholders agreement
- tag-along and drag-along rights
regulation of shareholder meetings
rights of majority shareholder to appoint a majority of directors and rights of minority shareholder to appoint a single director
provisions relating to the proceedings of board meetings
regulation of directors’ conflicts of interest and transactions with directors

What other documents are available?

For template Articles of Association where the company is owned by equal 50/50 shareholders, see

Articles of Association: equal 50/50 shareholders

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£35.00 exc VAT

Updated by a lawyer on 03/09/2024

Updated By a lawyer on 01/05/2023

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Loan Agreement: secured

When do I use this document?

What are the key features?

What else do I need to know?

What other documents are available?

When do I use this document?

What are the key features?

What other documents are available?

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Create your document in 3 Easy Steps

PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”

Elle, Founder | Winslow skincare & aesthetics.

“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”

Giles, MD | Boniti Ltd.

Loan Agreement: secured

When do I use this document?

What are the key features?

What else do I need to know?

What other documents are available?

When do I use this document?

What are the key features?

What other documents are available?

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Related Articles

Create your document in 3 Easy Steps

PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”

Elle, Founder | Winslow skincare & aesthetics.

“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”

Giles, MD | Boniti Ltd.

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