What is a debenture for a business loan?

A debenture is an agreement entered into between a company or the owners of a business and the lender which grants the lender a series of charges over the business assets as security in return for providing the loan.

Typical terms of a debenture would include the terms of repayment and a repayment date, specification of the security to be granted to the lender and how these assets can be dealt with, the lender's power to appoint an administrator should the business default on the repayments and provisions allowing an administrator the power to sell assets to repay the lender and the ability for the business to grant further charges over the same assets.

A member of our specialist Business Law team can provide advice as to the content of your debenture.

For more information please call our Business Law Solicitors on freephone 0800 975 2463 or contact us by email

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