Negotiating a Loan Agreement
Series: BUSINESS BORROWING BASICS 2016 When a company borrows money, the lender and the attorneys commonly talk about the need to have a “loan agreement.” This is somewhat misleading, however, since the relationship between borrower and lender is commonly governed by a number of separate documents, with the “loan agreement” being just one. Others include a security agreement, a pledge agreement, and one or more personal guaranty. The terms that a lender will agree to will depend on a number of factors, including the credit worthiness of the borrower, the nature of the borrower’s business, and the level of competition among lenders. This webinar provides guidance of what terms are “market,” what terms are more easily negotiated, and strategies to negotiate loan terms. Principal Audience: Attorneys and Advisors, Business Owners and Executives Partner: ChamberWise, West LegalEdcenter
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