When you enter into a loan agreement with a financial institution, you expect both parties to uphold their end of the bargain. Unfortunately, lenders sometimes fail to honor the terms and conditions set forth in commercial loans, lines of credit, equipment financing agreements, or other financial commitments. At Lender Liability Law Center, we specialize in representing businesses that have suffered due to a lender’s breach of contract.
Understanding Breach of Loan Agreements
A breach of a loan agreement occurs when a lender violates one or more terms of the contract. This can manifest in various ways, causing significant disruption and financial harm to your business. Our firm is experienced in handling a wide range of such breaches.
Common Types of Breaches by Lenders:
Such breaches can include a lender’s failure to disburse agreed-upon funds, improperly calling a loan into default, unilaterally changing loan terms without consent, failing to honor commitments like loan renewals or additional financing, or misapplying payments which can lead to incorrect fees or wrongful default.
How We Can Help
If you believe your lender has breached your loan agreement, it’s crucial to seek experienced legal counsel. The Lender Liability Law Center can help by thoroughly analyzing your loan documents and the lender’s actions to determine if a breach occurred and advise on your rights. We then work to negotiate a resolution, such as reinstating terms or correcting errors, and if necessary, pursue litigation to recover damages including lost profits and reputational harm.
We are committed to protecting the rights of commercial borrowers and holding lenders accountable for their contractual obligations. Contact us today for a consultation if your business has been impacted by a lender’s failure to uphold their commitments.