- Sme Borrowers
- Information
- Monitoring
Monitoring
In addition to the timely completion of monthly payments, the loan documents include a number of commitments from the Directors. These exist to safeguard the company's ability to repay the loan amount and interest. In summary, these include:
- Any financial or other information we may, from time to time, reasonably request relating to your business
- Copies of any notices sent by the company to its shareholders or creditors
- Notification of any litigation, arbitration, administrative proceedings, claim or potential event of default
- An undertaking to conduct your business in a proper and efficient manner, not making any substantial change to the general nature or scope of the business, including the sale, transfer or disposal of any part of your assets