Texas Promissory Note And Security Agreement

Using debt instrument and security agreements can limit your ability to secure additional financing for your business, especially if the lender files a UCC-1. New lenders may not be willing to lend funds to another lender who has a prior security interest in your business property. A better approach, if possible, is to enter into a credit agreement with your lender rather than a one-time loan. Such an agreement also involves the use of a debt voucher and a guarantee contract, but has the added benefit of obliging your lender to make future advances as long as you meet certain repayment conditions. A guarantee contract is used in combination with a secure debt voucher. .

Responses are currently closed, but you can trackback from your own site.

Comments are closed.

Subscribe to RSS Feed Follow me on Twitter!