Document background
The Secured Loan Note is a crucial financing instrument used in New Zealand when a lender provides funding to a borrower against specific security. This document is particularly relevant when businesses or individuals require substantial financing and can offer assets as security, ensuring the lender has recourse to specific assets in case of default. The Secured Loan Note includes comprehensive details about the loan facility, security arrangements, and compliance requirements under New Zealand law, particularly the Personal Property Securities Act 1999. It's commonly used in commercial lending, property financing, and business expansion scenarios where secured funding is required. The document typically includes schedules detailing the loan terms, security package, and financial covenants, making it suitable for complex financing arrangements that require robust documentation and security protection.
