Loan Agreement

A loan agreement is a formal contract governing borrowing, and can be either secured or unsecured.

Secured loan agreements involve putting up assets as security against the money advanced. If the loan is not repaid the assets can be seized.

Unsecured loans do not require you to put up assets as security and are based on your credit rating, financial status and how much you want to borrow. As such, it is essential that a properly drafted agreement clearly sets out the terms and conditions under which the money has been lent.

Obtaining legal advice can be money well spent to safeguard your interests whether you are a borrower or a lender.

How Can We Help

At Else Solicitors, we can advise you whether there is any scope for negotiation in the terms of the agreement you have been offered. We can also give you a clear and comprehensive explanation of the conditions behind the loan agreement.

We can ensure you understand the benefits and risks of any agreement and help you protect your interests, whether you are embarking on a short and simple loan arrangement or a highly complicated borrowing package.

For more detailed legal advice in relation to loan and facility agreements, please contact the banking and finance team on 01283 526200, alternatively you can send us a message and we will get in touch at a time that suits you.

Asset Based Lending

In its simplest terms, asset based lending is any form of borrowing that is secured by assets.

Find out more

Company Voluntary Arrangement

When businesses are fundamentally viable, but perhaps under pressure to repay debts in a short space of time, they can seek a Company Voluntary Arrangement (CVA) with their creditors.

Learn More

Ledger Collections Service

At Else Solicitors we act for a wide range of insolvency practitioners and have a real understanding of debt collection.

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Loan Agreement

A loan agreement is a formal contract governing borrowing, and can be either secured or unsecured.

Learn More

Factoring & Invoice Finance

Factoring and invoice discounting enable businesses to release money that is tied up in unpaid invoices.

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Chris is the founding Partner of Else Solicitors and has over 25 years’ experience as a commercial solicitor dealing mainly with commercial disputes. He is also an accredited Mediator.

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Chris Else

Managing Partner

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How can we help?

Get in touch.

At Else, we pride ourselves on having experience in dealing with a wide range of specialist services.

Our team always strive to find the most practical, timely, and cost-effective solution for our clients.

We will use the full range of options available to us; from mediation and negotiation to court action at whatever level is appropriate.

To speak to one of our trusted professionals contact us on 01283 526200. Alternatively, you can send us a message and we will get in touch at a time that suits you.

Legally Speaking

``As I live in london I had to deal with Else Solicitors from afar, however I always found them to be helpful, efficient and approachable. The service I received from the solicitor I was dealing with was friendly, personal and I always felt that they were prepared to go the extra mile to fight my corner for me.``

Anthony Stellman Dental Surgeon