Implications of taking out loans and credit for your business

Implications of taking out loans and credit for your business

Linkilaw Business Finance

Borrowing and lending money has legal implications on both parties in the business transaction. On the one hand, the borrower needs to repay within stipulated timelines. On the other hand, the lender also needs to go by the agreed terms and conditions. For instance, he or she has no power to demand an earlier payment than the one accepted. Conversely, …