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Im trying to create a loan agreement as I have a couple investors who are interested in investing. I have an understanding of what it should contain but want to know how people guarantee that they will pay, and if not what securities do you put on? (Fees, charges etc.)

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I would imagine that the loan agreement starts off being in the form of a standard loan agreement recording the loan and the payment obligations of the borrower.

But then the guarantor is brought in as a third party to the agreement, guaranteeing the payment obligations of the borrower, whatever those payment obligations are.

Given the importance of getting this right and the guarantee element, sounds very much one for a lawyer to be engaged to get right.

 

 

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