Loan Agreement: unsecured

£35.00 exc VAT

This loan agreement is for an unsecured loan of a fixed amount to a corporate borrower.  It is suitable for a borrower which is incorporated in England and Wales.

 

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Loan Agreement: unsecured

An unsecured template loan agreement for a term loan to a corporate borrower 

Background 

Why use a term loan?

A term loan is an upfront loan to a borrower, repayable with interest at a fixed or floating rate on a fixed repayment date or over a certain repayment schedule.

A term loan is often used by a business to purchase specified property or other fixed assets, such as equipment.  

About this Loan Agreement: unsecured

This loan agreement is for an unsecured loan of a fixed amount to a corporate borrower.  It is suitable for a borrower which is incorporated in England and Wales.

Document features

Features include:

  • 21 clauses over 13 pages
  • Upfront 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 to the borrower, including the provision of information to the lender and prohibition on granting security and additional borrowings
  • Events of default

Explanatory guidance

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

Loan agreement: unsecured

All Paper Rock legal templates are written by highly qualified English lawyers that are currently practising in the field of commercial and corporate law. The templates you download here reflect the same quality as if you’d instructed our lawyers to draft them for you. They also write all our document descriptions so you can rest assured every bit of information is legally accurate up to date.

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