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Loan Agreement

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Lending Document Intelligence

The world's best loan agreement extraction

Transform every loan agreement into a structured record for underwriting, compliance reviews, and servicing. Capture parties, principal, rates, collateral, covenants, and payment schedules no matter the template or format. Tailor field definitions to match your credit policy.

loan-agreement.pdf

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loan Agreement Id

LA-2024-008

effective Date

2024-01-15

lender

First Horizons Bank

borrower

Sunrise Solar LLC

loan Amount

2500000

currency

USD

interest Rate

6.25% fixed

term Months

payment Schedule

Monthly on the 1st

purpose

Finance commercial rooftop installations

collateral

First lien on project equipment

covenants

Maintain minimum DSCR of 1.15x, Provide quarterly financial statements

prepayment

Allowed with 1% fee in first 24 months

default Remedies

Acceleration and foreclosure on pledged collateral

governing Law

Delaware

signature Date

2024-01-12

{ "loanAgreementId": "LA-2024-008", "effectiveDate": "2024-01-15", "lender": "First Horizons Bank", "borrower": "Sunrise Solar LLC", "loanAmount": 2500000, "currency": "USD", "interestRate": "6.25% fixed", "termMonths": 84, "paymentSchedule": "Monthly on the 1st", "purpose": "Finance commercial rooftop installations", "collateral": "First lien on project equipment", "covenants": [ "Maintain minimum DSCR of 1.15x", "Provide quarterly financial statements"], "prepayment": "Allowed with 1% fee in first 24 months", "defaultRemedies": "Acceleration and foreclosure on pledged collateral", "governingLaw": "Delaware", "signatureDate": "2024-01-12"}