CHICAGO, IL (PRWEB) January 21, 2016
Cash is the lifeblood of any business. While some companies operate solely with their own working capital, most must borrow money from time to time. Borrowing, of course, includes something as mundane as buying goods or services on credit (whether on credit terms or by using a credit card). But most companies of any significant size have a revolving line of credit or a term loan, or both, with a bank or other company that is in the business of lending. This webinar series explores where companies should look for business loans, how to negotiate them, and what to do if they default under them.
Join leading experts in the field as they discuss- in plain English for the non-expert- the fundamentals of borrowing for a business. Financial Poise™ webinar series are designed to allow listeners to participate in all, or just one, of a series of topics. Webinars through WestEdlegalcenter offer CLE and CPE credits.
The first episode of the series, NEGOTIATING A LOAN AGREEMENT, (Register Here) airs on February 3rd at 2pm CST and features host Tom O'Hare of Concord Financial Advisors and panelists Lewis Grimm of Jones Day, David Lorry of Versa Capital Management LLC and Jacen Dinoff of KCP Advisory.
When a company borrows money, the lender and the attorneys commonly talk about the need to have a “loan agreement.” This is somewhat misleading, however, since the relationship between borrower and lender is commonly governed by a number of separate documents, with the “loan agreement” being just one. Others include a security agreement, a pledge agreement, and one or more personal guaranty. The terms that a lender will agree to will depend on a number of factors, including the credit worthiness of the borrower, the nature of the borrower’s business, and the level of competition among lenders. This webinar provides guidance of what terms are “market,” what terms are more easily negotiated, and strategies to negotiate loan terms.
ABOUT FINANCIAL POISE™:
Financial Poise™ provides unbiased news, continuing education, and intelligence to private business owners, executives, investors, and their trusted advisors. For more information contact Emily Goldin at egoldin(at)financialpoise(dot)com or 312-469-0135.