In whichever form it takes debts can be significantly more difficult to pay should a key person in the business die or become critically ill.
The added burden of managing without the key person whilst still having significant debts to service can also be a death knoll for the business.
Loan protection will provide the necessary finance required to clear your debts.
It can also be used by the lender or investor to protect their money and may often be a requirement of the transaction.
Loan Protection can be used to protect any kind of company debt that could be challenging to pay should you lose a key person in the business. These include:
​Bank Loans - Corporate Finance - Private Equity and Venture Capitalism - Business Mortgages - Director Loan Accounts - Loan Notes