Review: “Mr. Ornduff is a fantastic lawyer and person. His knowledge was extremely helpful to me as I tried to plan my estate. I highly recommend Mr. Ornduff, he is a top notch lawyer who has helped me significantly!”
Practice areas & skills: Debt & Lending Agreements, Administrative Law, Corporate & Incorporation, Estate Planning, Commercial
Over 30 years of experience in all manners of complex financial transactions, including tax-exempt financing, commercial, industrial and residential real estate development lending, asset-based and other corporate lending, as well as workout and r...
Practice areas & skills: Debt & Lending Agreements, Tax, Business, Corporate & Incorporation, Banking
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When you buy something on credit, you borrow the money from a lender and put yourself in debt. The paperwork documenting this transaction is a debt/lending agreement. For example, simple debt / lending agreements are used to finance RV or boat purchases. More complicated debt / lending agreements for commercial business operations may include complex credit agreements, promissory notes, security and guarantee agreements, subordination or inter-creditor agreements, patent or trademark collateral security agreements, assignment and assumption agreements, hazardous substance indemnity agreements, mortgage agreements, and accounts receivable letters. When substantial amounts of money are involved, you'll want to use a business attorney with experience in negotiating and drafting debt and lending agreements.