turkish business translation

Translation of Loan Documents

Typical Documents For Business Loans

When you get a bank to give you a loan for your business startup or expansion, you will most likely have to sign several documents. Here is a description of each of these documents:

- A loan agreement, which describes the overall terms of the loan, including representations ,covenants, and warranties (promises)of the borrower.

- A promissory note which describes the terms of the loan. Sometimes the loan agreement and promissory note are combined in one document.

- A security interest, usually including a UCC-1 document, detailing the collateral securing the loan.

- A personal guarantee from the borrower. With or without collateral, you may still need to personally guarantee your business loan, especially for a startup. This means that you must promise to repay the loan if the business cannot. A personal guarantee is still binding, even if the business is a corporation, LLC, or other business entity that is separate from the owner.

Turkish Translation Services has deep experience in the field of financial services from banking, e-banking and insurance to asset management.

Financial translation is a complicated task. Beyond doubt, different areas of expertise within finance have their own linguistic expressions. Turkish Translation Services carefully gathers the most suitable team of translators, proofreaders and editors for each project of each client.

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