Get a loan agreement reviewed before the wording locks you in

Because the headline deal rarely tells the full story. Two agreements can refer to the same loan amount and repayment date but create very different outcomes if there is a missed payment, early repayment, business downturn or dispute. The wording often hides the real pressure points, such as broad default triggers, extra fees, lender discretion, reporting obligations or security-related language. A review helps you see whether the document actually matches the deal you thought you were making, and whether any clauses deserve clarification before you sign.

We usually concentrate on the clauses that affect money flow, control and enforcement. That often includes the amount being advanced, when funds are released, repayment schedule, interest calculation, default interest, fees, events of default, representations, undertakings, information obligations, termination rights and any security wording contained in the agreement. We then explain the practical effect of those clauses in plain English. If a term appears unusually broad, unclear or commercially heavy, we flag it so you can decide whether to accept it or raise it with the other side.

Yes. The same clause can create different risks depending on your position. If you are the borrower, attention often falls on repayment flexibility, default exposure, financial promises, information covenants and enforcement rights. If you are the lender, the focus may shift to recoverability, trigger events, protections on non-payment and whether the agreement properly records the commercial bargain. The review is tied to your role in the transaction, so the feedback is not just a generic mark-up of standard loan wording.

Yes. Standard forms often include broad wording that may not suit the actual arrangement. For example, a template may assume regular monthly repayments when the parties really intend a bullet repayment, director funding, staged advances or informal related-party lending. It may also include lender-friendly default provisions or vague promises that were never discussed commercially. A review checks whether the document reflects the real deal and whether any apparently routine clauses could create leverage, extra cost or confusion later if the relationship changes.

Turnaround depends on the length and complexity of the agreement and whether there are unusual features such as layered default provisions or security wording. Once we have the document and any useful background, we can confirm likely timing. After the review, you receive written feedback on the main issues in that agreement and can ask follow-up questions about the points raised. If you then want amendments drafted or support with negotiations, that can be quoted separately. Tax advice is not part of this review service.

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They'll send you a fixed fee quote outlining costs, scope, and timing. If you're happy, you can accept and sign our engagement letter online. Once that's done, we'll connect you with an expert lawyer who will complete your project via email, phone, or video chat, with the timing confirmed in your quote.

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At Sprintlaw, our pricing is transparent and designed for startups and small businesses. Many one-off legal services, including document drafting and reviews, are provided for a fixed fee with an upfront quote before you proceed.

Prices typically range from £100 to £1,500 depending on the complexity and scope of the work. For ongoing support, Sprintlaw Memberships include options such as legal templates, consultations, a legal helpline and credits for services.

If your project is larger or more complex, we will provide a tailored quote after understanding what you need.

Sprintlaw UK operates fully virtually, with the team working online across the UK to provide support to startups and small businesses nationwide. Many of our team are based in London and often meet at co-working offices, but our operations remain fully digital, ensuring flexibility and efficiency for both our clients and team.