Loan or financing agreement
Review a loan agreement before you draw down
The interest rate is the number everyone compares. The clauses that decide whether a loan becomes a crisis are elsewhere: the covenants, the cross-default, the acceleration trigger and the scope of any personal guarantee.
For small businesses and individuals taking on debt.
No account needed. You see the price before paying, and the report opens immediately after.
What we check in a loan or financing agreement
Every review of this contract type runs the full checklist, then reports what it found with the clause quoted and the line number.
- Total cost of credit including arrangement, exit and early repayment fees
- Whether the rate is fixed, floating, or floating with a floor
- Financial covenants and the headroom you actually have against them
- Information covenants and reporting deadlines
- Events of default, particularly material adverse change and cross-default
- Acceleration rights and whether any cure period applies
- Security granted, and over what
- Personal guarantees - who gives them, capped or uncapped
- Early repayment: permitted, and at what cost
- The lender's right to amend, assign or transfer the loan
Red flags we see most often
These are the specific terms that turn a routine loan or financing agreement into an expensive one.
- An uncapped personal guarantee for a company loan
- A material adverse change clause defined at the lender's sole discretion
- Cross-default triggered by any default under any other agreement, however small
- Financial covenants tested monthly with no headroom at signing
- Early repayment charges expressed as a percentage of the whole facility
- No cure period before acceleration
What you get back
Not a summary of what the contract says. A list of what to change, and the wording to change it to.
Risk score and verdict
A calibrated 0–100 score with a one-line verdict. Clean documents score low — the score is only useful if it can say "this is fine".
Findings with the quote
Each issue names the clause, quotes it verbatim, explains the consequence in your contract's own numbers, and says how far it deviates from market standard.
Pasteable redlines
Replacement wording drafted for each issue, ready to send back to the other side.
What's missing
The standard protections for this contract type that your document does not contain.
Deadlines to calendar
Every date and trigger that costs you something if you miss it, with the consequence spelled out.
Negotiation playbook
Your asks in priority order, the reason to give for each, and the fallback position if they refuse.
Questions about loan or financing agreements
What is a personal guarantee on a business loan?
A promise that you, personally, will repay if the company does not. It puts your own assets behind the debt. Ask for it to be capped at a specific amount, limited in time, and released once agreed conditions are met.
What are loan covenants?
Promises about how the business will be run and what financial ratios it will maintain. Breaching one is an event of default even if every payment has been made on time - which is why the headroom at signature matters more than the covenant itself.
What is a cross-default clause?
It makes a default under one agreement an automatic default under this one. Drawn widely, a dispute with an equipment lessor can accelerate your main facility. Ask for a materiality threshold.
Review your loan or financing agreement now
$49, no account, about two minutes. See a complete sample report first if you want to judge the depth before paying — and if yours finds nothing you can act on, we refund it.
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