Protect Your Business: Understanding Loan Clauses & Financial Agreements
Dec 28 2024
Length: 9 mins
Podcast

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Protect Your Business: Understanding Loan Clauses & Financial Agreements

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Summary
In this video, we discuss the importance of having someone review your agreements and clauses to protect your business. Richard shares insights on 'poison pill' clauses—like one that ended a £30 million loan agreement, allowing the lender to take over the company if payments weren’t made by the due date. We also touch on default rates from quality lenders and the impact of buy now, pay later schemes. 💼💡

#Plumbing BusinessTips #FinancialSecurity #LoanAgreements

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