Our office can offer you in-depth advices on any kinds of financial difficulties you might face. A loan is a type of debt.? Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.? The borrower initially receives an amount of money from the lender, which they pay back, usually but not always in regular installments, to the lender.? The service is generally provided at a cost, referred to as interest on the debt.

Credit refers to the granting of a loan and/or the creating of debt. It can be created not only by transactions with financial institutions but also with business parties, for example, in credit sale situations of L/C, D/A, D/P transactions.

The term, ¡°credit¡± also refers to credit worthiness. Any movement of financial capital is normally quite dependent on credit, which in turn is dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds.

Giving loans and credits require extensive documentations including loan agreements, promissory notes, security agreements, guaranties and deeds of trust and the like. These documentations and any ramifications afterwards should be carefully reviewed and advised by a competent lawyer.
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