Businesses looking to scale up and grow can do so in many ways, a common one would be to borrow money to fund expansion in the form of hiring new staff, purchasing systems etc. Banks are not the only source of financing – we regularly advise businesses on raising money from individuals, private equity firms, or other established businesses looking to broaden their portfolio of investments.
As a condition to providing capital for expansion, investors and lenders often require security of some sort to be furnished, in the form of personal guarantees or charges over assets. In addition, they may also the businesses to provide regular updates and information on the status of the business.
Speak to our team today to understand the implications of such arrangements. Common documents relating to growing your business are:
Not all situations will require the full suite of agreements and documents. We understand that costs are a factor to be considered. Speak with our experienced corporate lawyers to work out what you do not need, in addition to what may be useful.
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