This overview is a guide to the Banking & Finance content within the Types of lending subtopic, with links to appropriate materials.
Practice Note: Introductory guide to lending provides introductory information on lending transactions. It discusses the different types of loan transactions and provides an overview of the structure of a typical loan transaction, before discussing the documentation involved in loan transactions and security, quasi-security and intercreditor issues. It outlines some key legal issues that can arise on lending transactions before providing an overview of specialist finance transactions, including project finance, real estate finance, acquisition finance and asset finance.
Three common types of loan facility are:
overdrafts
term loans, and
revolving credit facilities (RCFs)
An overdraft is the most common form of bank lending and is used to help solve short-term, day-to-day cash flow issues. As such, an overdraft facility is sometimes referred to as a 'working capital facility'.
A term loan enables the borrower to borrow sums for a specified period of time, known as the 'term'. The
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Repayment, prepayment and cancellationWhere a facility is committed (eg term loans and revolving facilities), exactly how and when the facility is to be repaid will be set out in the facility agreement. Committed facility agreements will normally also state:•whether or not the borrower is allowed to
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