Legal Advice
Business Loan Guarantors
Sunshine Coast | Brisbane | Queensland | Australia wide
We now provide this service Australia Wide remotely and by videoconference, and exclusively through ILA Australia,.
It is the same great service but with updated processes and faster turnaround times.
When business’ obtain finance or lending a lender will often request or insist on the directors, shareholders or other person associated with the business provide a personal guarantee.
The business finance may be an overdraft facility, a loan for working capital, or a loan to help the business buy some plant and equipment.
A personal guarantee acts as security for the repayment of any business loan to the lender, in the event the business fails to pay.
If the lender requires it, you may have to obtain a personal guarantor certificate or a legal advice certificate to evidence that the guarantor has obtained independent legal advice about the risks and obligations associated with entering a deed of guarantee.
Queensland has now passed legislation that allows for Deeds to be signed electronically (and without a witness). Further, legislation was passed allowing a person to witness a signature remotely.
As such we offer this service to personal guarantors Queensland wide, and Australia wide!
We can accommodate most banks and lenders loan documentation in our fixed cost, see below for more details.
