Loan
Whether borrower or lender, we have a range of secured and unsecured loan and facility agreements. A loan agreement will be suitable for a one-off loan. A facility agreement will be more suitable where a loan facility is being made available for drawing down over a period of time.
Our guarantees cover guarantees from both corporate entities and individuals. They are available as either standalone documents in themselves or in a form in which the requisite clauses can be dropped into the relevant contract which is the subject of the guarantee. For individual guarantors, lenders may also require a letter from a lawyer confirming that the individual has received independent legal advice.
Read more below.
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Board minutes: borrower facility agreement
£35.00 exc VAT -
Board minutes: borrower loan agreement
£35.00 exc VAT -
Board minutes: corporate guarantor
£35.00 exc VAT -
Deed of Release: security
£35.00 exc VAT -
Facility Agreement: secured
£50.00 exc VAT -
Facility Agreement: unsecured
£50.00 exc VAT -
Guarantee: contract clause
£35.00 exc VAT -
Guarantee: corporate guarantor
£35.00 exc VAT -
Guarantee: individual guarantor
£35.00 exc VAT -
Individual guarantor: independent legal advice letter
£35.00 exc VAT -
Loan Agreement: secured
£35.00 exc VAT -
Loan Agreement: unsecured
£35.00 exc VAT
Loan and Guarantee
As an alternative to raising money by capital investment for shares in the company, a business may raise money by borrowing.
What are the different types of loan?
term loan: a loan for an upfront amount of cash repayable either in full on a specified repayment date or in instalments
loan facility: an arrangement under which a lender agrees to provide one or more loans to a borrower for a period of time and up to specified maximum amountÂ
Business loans can either be:
unsecured: the repayment of the loan, interest and the other obligations of the borrower are not secured over any of the property or assets of the borrower or of another person. In case of a default or insolvency of the borrower, the lender will be an unsecured creditorÂ
secured: the repayment of the loan, interest and the other obligations of the borrower are secured over some or all of the property or assets of the borrower or of another person. In case of a default or insolvency of the borrower, the lender will have a power to possess and sell the secured property or assets. The lender will be a secured creditor, with priority over unsecured creditors on an insolvency
guaranteed: a guarantee may be given by:
another company, including a parent company or subsidiary
an individual, including a director or shareholderÂ
This section includes different types of loan agreement and guarantees, together with related documents including board minutes of corporate lenders and corporate guarantors.