A loan agreement is a contract between a borrower and a lender which regulates the mutual promises made by each party.
A Loan Agreement, also referred to as a term loan or loan contract, is created when a lender agrees to lend money to a borrower. The loan contract acts as an enforceable contract between the parties where the borrower must pay back the lender according to a payment plan.
A Personal Guarantee is generally given by a director as security for money borrowed by a company in which they are also a shareholder. If down the line the business is unable to repay the investor it then looks to the director personally under the guarantee.
The Personal Guarantee is effectively a promise by the borrower to pay the lender should the company fail to do so on the terms of the agreement that the company has with the creditor. If the borrower fails to pay in accordance with the terms of the Personal Guarantee then the lender will be free to obtain judgment against the borrower and their assets to satisfy what is owed.
A fixed equitable charge confers a right on the secured party to look to (or appropriate) a particular asset in the event of the debtor's default, which is enforceable by either power of sale or appointment of a receiver.
Ultimate Home Builders (UK) Ltd are working with priority partners and investors for great returns on their investment. If you are interested in working with UHB for a significantly higher return than what the banks are offering then do not hesitate to contact Chrissy on 07903851104 for a consultation.