Are you (or your client) applying for a UK Tier 1 entrepreneur visa? If so, and you’re making a loan to an existing UK business, this free template loan agreement can help you save time and money.
The template agreement helps you tick important boxes by making sure that:
- the loan is subordinated to other creditors
- the loan agreement specifies what employment positions are being created
- the lender is entitled to be appointed as a director
- the loan is linked to a definite business plan (which you will need to have in place), so that you (or your client) can show genuine entrepreneurial activity, not blind investment for the sake of it
The template is not a substitute for legal advice to make sure you are making the loan to a company worth investing in. At LCN Legal we would be delighted to help with this.
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About LCN Legal
We help loan portfolio investors and servicers put in place loan portfolio servicing agreements that are effective and sustainable.
As well as creating resources on this site for our clients and subscribers, our team also contributes to other respected publications such as Lexis PSL, Tax Journal, Practical Law and AccountingWeb.