Jurisdiction(s):
United Kingdom

Key definition

Loan definition

What does Loan mean? In legal practice, a loan is an advance of money by a lender to a borrower with a binding obligation to repay the principal sum, usually with interest, either on demand or at agreed dates during a term. Loans may be secured or unsecured and may be documented as a loan or facility agreement, promissory note or deed. Repayment may be amortising or bullet. Interest and fees (for example, arrangement, commitment or default interest) are commonly payable but are not essential to a loan’s validity. The term is a descriptive expression used across commercial, consumer and corporate finance; specific statutes...

France: Cross-border lending and security, enforcement, insolvency and intercreditor issues for UK lawyers

Published by a LexisNexis Banking & Finance expert

Practice notes

Loan market and developments

Provide a concise outline of the present condition of the loan markets in your jurisdiction and any notable recent shifts. Bank lending facilities remain the principal source of finance for small and medium-sized enterprises (Petites et Moyennes Entreprises) and Mid-cap businesses (Entreprises de Tailles Intermédiaires). That said, these companies increasingly seek to broaden their funding mix to avoid overreliance on bank borrowing and to secure instruments with longer maturities. Corporates are turning more frequently to bond issuance, in particular via unirate loan structures, which deliver a single tranche blending senior and mezzanine debt under one credit line taken up by a private fund. The chief obstacle to widening funding channels lies in the French banking monopoly restrictions described below. This ongoing shift aims to balance liquidity needs, reduce concentration risk with lenders, and align funding horizons with strategic plans, yet remains shaped by domestic regulatory boundaries too. Provide a concise summary of impending legal changes or other issues that could influence the loan markets or the answers set out below. Sanctions imposed by the United States and the European Union also require consideration, as they impose limits on financing activities linked to certain designated persons and...

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Web page updated on 21/05/2026

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