Thursday
Mar102011

Loan Terms and Protections

  • Loan advance $100,000-$1,000,000
  • Proceeds to typically finance organic growth
  • Guarantee and interest in all appropriate personal assets of principals
  • Short term maturity from 6-12 months with renewals
  • Negative and affirmative covenants to minimize risk of capital loss
  • Appropriate inter creditor agreements to establish priorities for repayments of collateral among lenders