Milwaukee Small Business Loan Attorneys

Evaluating and Selecting the Best Financing Options for Small Businesses

Securing financing is a critical step for small businesses that are aiming to establish themselves or grow or expand their operations. At Mallery s.c., our experienced attorneys work to help small businesses address legal concerns related to loans and financing. We also provide representation for lenders that work with small businesses, helping them protect their interests as they establish long-lasting, mutually beneficial relationships. Whether you are a business owner looking to understand your financing options or a lender providing business loans, our team is here to provide you with effective guidance and support.

Determining the Best Financing Options

Small businesses may have multiple options available for securing capital and ensuring that they can address startup costs or other expenditures. Our attorneys work with small business owners to evaluate and select the most suitable loan options to meet their specific needs and goals. Available options may include:

• Secured loans: A small business may need to make use of collateral, such as real estate, equipment, or inventory to secure financing. Valuable assets that can be used as collateral may make loans more accessible for certain businesses. Our attorneys help small business owners understand the implications of secured loans, ensuring that the collateral is appropriately valued and that the terms of the loan are favorable.
• Unsecured loans: Because these loans do not require collateral, they may have higher interest rates and stricter eligibility criteria. We assist small businesses in navigating the application process, understanding the terms of loans, and negotiating better rates and conditions to protect their financial interests.
• Lines of credit: These financing options may provide flexible access to funds, allowing businesses to borrow as needed up to a predetermined limit. Our attorneys help small businesses set up lines of credit with favorable terms, ensuring that they will have the liquidity necessary to manage cash flow and address unexpected expenses.
• Term loans: With these loans, a small business may receive a lump sum of money that must be repaid over a fixed period. We assist with the negotiation and drafting of term loan agreements, ensuring that repayment schedules and interest rates are manageable for the business.

Protecting Small Business Interests

When entering into loan agreements, it is crucial for small businesses to protect their interests and ensure that the terms are fair and manageable. Our attorneys offer comprehensive support to help business owners navigate the loan process and secure financing that aligns with their goals. We assist with:

• Loan agreement review: We thoroughly review all loan documents to identify any unfavorable terms or potential risks. Our attorneys ensure that the agreements are clear, legally sound, and in the best interest of the business.
• Negotiation and advocacy: Our team negotiates with lenders on behalf of small businesses to achieve more favorable loan terms, including lower interest rates, flexible repayment schedules, and reasonable collateral requirements.
• Compliance and documentation: We ensure that all loan documentation is complete and accurate, helping businesses comply with all legal and regulatory requirements. This minimizes the risk of future disputes and other legal issues that may affect a business.

Assisting Lenders With Small Business Loans

Lenders providing loans to small businesses may also require legal support to protect their interests and ensure compliance with relevant regulations. Our attorneys offer a range of services to assist lenders in managing their loan portfolios and addressing legal concerns:

• Due diligence: We can help lenders obtain information about prospective borrowers, assessing their financial stability and identifying potential concerns about their ability to repay loans. This helps lenders make informed decisions while mitigating potential risks.
• Drafting and negotiation: Our attorneys can draft loan agreements, ensuring that the terms and conditions that apply to lenders and borrowers are clearly defined. We can negotiate on behalf of lenders to ensure that terms are favorable, working to protect the lender's interests and ensure that an agreement will be enforceable.
• Regulatory compliance: We assist lenders in navigating the complex regulatory landscape, ensuring that all lending practices comply with federal and state laws. This includes adherence to lending regulations, anti-discrimination laws, and consumer protection standards.
• Enforcement: In cases where small business borrowers default on loans, our attorneys can provide legal strategies for recovering funds and protecting a lender's financial interests. This may involve negotiating repayment plans, initiating foreclosure proceedings or asset sales, or pursuing litigation.

Contact Our Milwaukee, WI Small Business Loan Attorneys

At Mallery s.c., we can address a variety of legal concerns related to small business loans, ensuring that borrowers and lenders will be able to establish strong working relationships while protecting their interests. Contact our firm at 414-271-2424 to arrange a free consultation and learn how we can assist with your small business loan needs.