Loan and Facility Agreements
If you want to borrow money from a bank (or maybe a private individual) you will probably be asked to sign a loan or facility agreement.
A loan or facility agreement will cover matters including:
- the amount of the loan
- the terms and conditions of the loan
- what happens if you do not comply with the loan
- how and when it is to be repaid
At Hart Brown our specialists can draft the loan agreement if you are lending money or explain the terms of a loan agreement if you are borrowing. Banks will normally require you to have the document formally explained to you.