Posts Categorized: Business Transactions & Corporate Governance

Tips for Borrowers Negotiating a Loan: Part 5 Closing Documents

Clint M. Hanni April 2017 Loan transactions are document intensive. When the agreements have all been drafted and agreed, it’s time for the lender and borrower to sign the documents and fund the loan. Closings can be easy or hard. Here are some tips to make them as smooth as possible.  1.  Authorizing resolutions. After… Read more »

Tips for Borrowers Negotiating a Loan: Part 3 Ancillary Documents

Clint M. Hanni April 2017 The loan agreement isn’t the only document in a loan transaction. Other documents (sometimes dozens of them) can come into play. Here are a few to consider: 1.  Security Agreement. If the loan will be secured by personal property, such as accounts, inventory, equipment or IP (patents, trademarks, copyrights), there… Read more »

Tips for Borrowers Negotiating a Loan: Part 2 The Loan Agreement

Clint M. Hanni April 2017 Once you have agreed on a term sheet for your loan, it’s time to turn to the “definitive loan documents.” The first document to get drafted is the loan agreement. 1.  Get it reviewed by an attorney. The loan agreement contains the basic terms of the deal and describes what… Read more »

Tips for Borrowers Negotiating a Loan: Part 1 The Term Sheet

Clint M. Hanni April 2017 Getting a business loan can be a long and difficult process. The bank wants to see everything, the good and the bad. Here are some tips when working with a bank to get a commercial loan. It all starts with a good term sheet. Have your lawyer review the term… Read more »

Tips for Effectively Using Your Business Lawyer

March 2017 Savvy business people understand that lawyers play an indispensable role in the successful execution of a business plan. Here are seven keys to get the most from lawyers for your business. 1. Call sooner rather than later. Problems are more expensive to solve than avoid. Call your lawyers before you get served with… Read more »