Banking and Finance
Our banking and finance solicitors deal with funding for start-ups, SMEs, commercial property transactions, restructurings and refinancing.
We act for both lenders and borrowers ranging from PLCs and institutional lenders to SME borrowers and private lenders. We have acted on numerous projects including property development finance, acquisition finance, inter-creditor arrangements, group refinances, asset finance, plant and machinery finance, cash flow lends and invoice finance.
Banking and Finance Solicitors
Due to our experience of acting for both borrowers and lenders, we understand the issues that may arise and the competing interests of the various parties involved. We are able to take a pragmatic approach and put forward solutions in order to achieve the objectives of all parties involved. We will be able to quickly highlight any areas a funder should have concerns about and put forward solutions to deal with these so that the transaction keeps to timetable. We are also able to help ascertain the conditions precedent to draw down that may involve third party input or approval so that these can be dealt with as a priority and do not delay draw down.
We will highlight to you the key areas of the funding and security documents involved and negotiate those provisions that are unreasonable, against market practice, or not applicable to your business. We will work closely with your other advisors on those areas of the funding documents that relate to financial covenants and testing, and financial reporting requirements.
If acting for a lender we will undertake limited, but crucial, due diligence on the borrower to ensure it has capacity to borrow and grant security and that any necessary consents it needs to enter into the finance documents are obtained.
Talk to Tollers
Funding and growth are crucial to any business’ success, and we can help negotiate the best terms for your arrangement, and secure the best support for your plans.