Document background
The Secured Loan Note is a fundamental financing instrument used in Austrian commercial lending transactions where the lender requires security for the loan amount. This document type is commonly employed when businesses seek secured financing while providing specific assets or rights as collateral. The Secured Loan Note combines elements of both a loan agreement and security documentation, structured to comply with Austrian civil law, banking regulations, and security interest requirements. It is particularly useful in scenarios requiring detailed documentation of both the lending terms and security arrangements in a single instrument, while ensuring enforceability under Austrian law. The document includes essential provisions for loan terms, security creation, perfection requirements, and enforcement mechanisms, making it suitable for various commercial financing transactions where collateral-backed lending is required.
