Whatever the opportunity or need, our banking and finance solicitors are here to help you access the funding that gets you closer to your ambitions. Whether you’re sourcing finance for an acquisition, real estate, or other commercial matters, or have a short-term cash flow problem, our experienced banking and finance solicitors are ready to get behind your business and deliver the lending solution best suited to your company in the UK and internationally.
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Can I repay/prepay the loan early without penalty?
As part of our review of the facility agreement, we can advise on the extent of any prepayment fees and break costs, and when is the best time to prepay a loan to minimise the fees and costs.
The bank has asked me to sign a personal guarantee in support of the proposed loan facility to my company. If you’re acting for my company, are you also able to advise me personally on the guarantee?
We don’t have a conflict advising you in your capacity as a director when we are also acting for the company, but if your spouse is also required to provide a personal guarantee to the bank and they aren’t actively involved in the company, we would be unable to act. They would have to advise your spouse to seek independent legal advice from another firm of solicitors.
Will my new lender accept a simple noting of its interest as mortgagee being endorsed on the company’s buildings insurance policy or will it insist on composite/co-insurance?
It depends on the lenders’ insurance requirements, as set out in the insurance undertakings in the facility agreement/security documents, and the total amount of the facilities being made available. Composite/co-insurance cover doesn’t always result in an increased premium.
We deal with a variety of banks and financial institutions every day, from well-known lenders such as HSBC, Lloyds and Santander to peer-to-peer lending platforms like RateSetter. We know our way around the funding landscape, and we’ll match you to the lender best placed to support your business.
Our team of banking and finance lawyers are one of the most experienced around and work with businesses across a huge range of sectors and industries. Whether you’re big or small, a limited company or a renowned PLC, we approach every transaction with the same care and dedication, guile and savviness. But it all starts the same way – our team get under the skin of your organisation to understand exactly what you want to achieve.
We know that opportunity can come and go quickly, so we work with speed and efficiency, but never at the cost of accuracy. That’s why our clients come in all shapes and sizes, from SMEs to mid-market corporates. They know we won’t overcomplicate things – we’ll put it in clear, simple terms, get things right and work hard to make sure we deliver on time.
It’s these reasons that see our client relationships last well beyond the first transaction, and we often advise clients throughout the lifespan of their businesses.
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Key questions about a CBILS application brought John Price from Chris Mullins Tyres in Gloucester to HCR’s finance team in Cheltenham late one Friday evening – by Monday morning, the loan funds were in the firm’s account.view full case study
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