We offer an integrated, comprehensive approach to both Company Commercial and Banking & Finance law, providing expert support on personal guarantees and loan agreements to our clients across Essex.
By combining our expertise in these areas, we deliver seamless legal guidance that helps your business thrive in a complex financial environment. Whether you’re navigating the intricacies of loan agreements, considering the risks of personal guarantees, or managing financial transactions, our team offers tailored solutions that protect both your business and personal interests.
Banking and finance solicitors
With decades of experience in financial services, we offer a full-service banking and finance legal offering. Our team covers diverse practice areas such as corporate and commercial, commercial and residential property, private capital, and litigation.
This broad expertise sets us apart and ensures we can support you in all aspects of business finance.
We help you stay ahead by offering practical, clear, and cost-effective advice tailored to your specific needs. Whether you’re a lender, investor, or borrower, we assist in managing financial liabilities and structuring transactions to ensure commercial success.
Our services in banking and finance
We extend expert advice to various stakeholders, including clearing and private banks, building societies, specialist lenders, and both corporate and individual borrowers. Our experience also includes advising financial institutions, funds, and distressed investors in lending structures, corporate restructurings, refinancing, and banking transactions.
Our key services include:
- Drafting and advising on loan and facility agreements
- Security documentation and guarantees
- Property and development finance
- Financing for business acquisitions
- Corporate restructuring
- Enforcement of security and guarantees
- Financial litigation
- Customer and commercial disputes
Whether you’re seeking to navigate the complexities of financial transactions or protect your commercial interests, we provide the insights and support you need to succeed.
Personal guarantees: Protecting your personal assets
It’s increasingly common for commercial lenders to request a personal guarantee from directors or owners when borrowing money for business purposes, such as purchasing property or equipment. This is particularly prominent in the residential buy-to-let market, where lenders often require personal guarantees for mortgage liabilities.
Before signing a personal guarantee, you should seek independent legal advice. This not only protects the lender but also ensures that you fully understand the risks involved. A personal guarantee could put your home at risk of repossession if your business defaults on its repayments. Given the current economic climate, it is more important than ever to understand these risks before agreeing to such terms.
Speak to our company commercial team
Our banking and finance team can:
- Provide independent legal advice before signing personal guarantee agreements
- Review existing guarantees to ensure they were correctly set up
- Help dispute the validity of a guarantee where appropriate
- Liaise with your lender to establish a repayment schedule that protects both your business and personal assets
Additionally, our fixed-fee arrangements ensure you won’t face unexpected costs, giving you peace of mind in managing your financial obligations.
Why choose us?
The Palmers team are friendly, approachable but also experts in our field. Our offices in Essex and our joined-up approach to law ensures that you receive expert legal advice across both Company Commercial and Banking & Finance law.
By addressing your legal needs in both areas concurrently, we deliver efficient, tailored solutions that align with your business goals and protect your personal assets.
Contact us today to get started and experience the benefits of a truly integrated legal service.
