Business Finance Solicitors

Our business finance solicitors advise businesses on a wide range of finance arrangements, from term loans and asset finance to invoice finance and security documents.

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Whatever the reason for borrowing, it’s important to understand the legal terms you’re agreeing to and the obligations being placed on your business.

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Businesses often need finance to support growth, manage cash flow, purchase assets or fund an acquisition.

We’ll review the legal documentation, explain the key terms and obligations in plain English and help you understand the potential risks before you commit to an agreement.

Arrange a meeting with one of our business finance solicitors today, call us on 0800 118 1500 or complete the form below.

Find out more in our frequently asked questions below.

What Should I Consider Before Taking Out Business Finance?

The headline interest rate isn’t the only thing to consider when taking out business finance. The legal terms of the agreement can have a significant impact on your business if circumstances change or you are unable to meet your obligations.

It’s important to understand matters such as:

What happens if you miss a repayment
What security the lender is taking
Whether the lender can enforce that security
Any financial or operational conditions attached to the finance
Whether there are restrictions on what your business can do
When the lender can demand repayment
Whether directors or shareholders are required to provide guarantees

Our solicitors can help you understand these provisions before you commit to the arrangement.

How Can Our Business Finance Solicitors Help?

The finance available to your business will depend on what you’re looking to fund, your circumstances and the requirements of your lender. Whatever type of finance you’re considering, we can help you understand the legal documentation involved and make sure your interests are properly considered.

Our team can advise on:

Term Loans

Reviewing loan agreements and advising on the legal obligations and conditions attached to business borrowing.

Invoice And Receivables Finance

Advising on arrangements where businesses use outstanding invoices or receivables to access funding.

Asset Finance

Helping businesses understand the legal arrangements involved in financing equipment, vehicles and other business assets.

Hire Purchase Agreements

Reviewing the terms of hire purchase arrangements and advising on your obligations as the purchaser.

Debentures

Advising businesses on debentures and the security a lender may require in connection with finance.

Fixed And Floating Charges

Helping you understand the security being provided to a lender and what this could mean for your business and its assets.

Why choose Talbots’ Business Finance Solicitors?

Our Corporate & Commercial team has experience advising businesses on a wide range of finance arrangements. We’ll take the time to understand why you’re borrowing and what you’re trying to achieve, so that our advice is focused on your business rather than simply the paperwork in front of us.

As a full-service law firm, we can also bring in expertise from across the business where your finance arrangements overlap with other areas of law, including commercial property, corporate transactions, commercial contracts, employment and business disputes. This means you can access the right legal advice across your business without having to coordinate multiple firms.

With offices across the country and a team of specialists covering a wide range of legal services, we are able to provide practical advice tailored to your individual circumstances. As an employee-owned firm, we are committed to delivering exceptional service, clear communication and legal support you can trust. Our reputation is reflected in the thousands of positive reviews we have received from happy clients. Read our Trustpilot reviews.

Frequently Asked Questions

What does a business finance solicitor do?

When a business takes out finance, there can be extensive legal documentation to understand and obligations to comply with. Our role is to help you understand exactly what you’re agreeing to before you sign.

We’ll review your finance and security documents, identify important terms and potential risks, and explain the implications for your business. Where appropriate, we can also negotiate or raise queries with the lender on your behalf.

We’ll also consider whether the necessary corporate approvals are in place and whether the proposed transaction is consistent with the directors’ legal duties.

What is a secured business loan?

A secured business loan is borrowing where the lender takes security over one or more assets. This gives the lender certain rights over those assets if the business fails to meet its obligations or becomes insolvent.

The type of security required will depend on the finance arrangement and the lender’s requirements. Our solicitors can advise you on the legal implications of the security being offered.

What is asset finance?

Asset finance allows a business to obtain funding to purchase or use particular assets, such as vehicles, machinery or equipment.

The structure can vary, with options including secured lending, leasing and hire purchase. The legal terms will determine who owns the asset, what happens if payments are missed and what rights the lender has.

What is a debenture?

A debenture is a form of security document that gives a lender security over some or all of a company’s assets. It can include fixed and floating charges and is commonly used when businesses borrow significant amounts of money.

The terms can be complex, so taking legal advice before granting a debenture can help you understand the security you’re giving to your lender and the potential consequences if the business defaults.

Do directors need approval to take out business finance?

The answer will depend on the circumstances and the company’s constitutional documents, existing agreements and the nature of the transaction.

Directors also have legal duties to consider when entering into finance arrangements on behalf of a company. We can advise on the necessary corporate approvals and help ensure the transaction is properly authorised.

Can a lender take security over my business assets?

Yes. Depending on the type of finance, a lender may require security over particular assets or potentially a wider range of company assets.

It’s important to understand exactly what security you’re providing and what could happen if the business is unable to meet its obligations. We can review the relevant security documents and explain the implications.

What happens if my business cannot repay its finance?

If a business fails to meet its repayment obligations, the consequences will depend on the terms of the finance agreement and any security provided.

The lender may have rights to demand repayment, enforce security or take other action. If you’re concerned about your ability to meet repayments, it’s important to seek legal and financial advice as early as possible.

Business Finance Solicitors

Whatever the reason for borrowing, it’s important to understand the legal terms you’re agreeing to and the obligations being placed on your business.

What Should I Consider Before Taking Out Business Finance?