If the company goes into liquidation, you can establish priority rights over some or all the company’s assets. Without a documented loan agreement & registered security, you may find yourself at the back of the queue and less likely to be repaid in the event of a business going under.
With strict timing rules applicable there are benefits to get your loan agreement and registration in place ASAP.
The amount of money you are owed by the business at any point in time may vary, as you cover or are repaid for company expenses on personal cards or with cash payment. Our flexible loan agreements with a registered security interest are set up to cover these within a $ limit you define.
If you need to change the amount, remove or shift the priority of your security interest we can do that for you with our ongoing support service.