Document background
An Unsecured Loan Note is commonly used in Belgium for documenting loan arrangements where no specific collateral is pledged as security. This document type is particularly suitable for situations where the borrower has strong creditworthiness or where the parties prefer a simpler loan structure without the complexity of security arrangements. The note typically includes comprehensive provisions regarding loan amount, interest calculations, repayment schedules, events of default, and other key terms, all drafted in compliance with Belgian financial regulations and civil law requirements. It serves as a legally binding instrument that can be used in various business contexts, from corporate financing to business expansion funding.
