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Loan Agreement (Term)

Draft Term Loan Agreements in Minutes, Not Hours

18 minutes with CaseMark

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1. Add your email so we know where to send the result.

2. Upload the files you want analyzed.

3. Run the workflow and we'll take it from there.

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Loan Agreement (Term)

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Workflow

Loan Agreement (Term)

Overview

Drafting term loan agreements manually requires hours of research across multiple legal resources, verification of compliance with usury laws, and careful attention to standard clauses for security interests, covenants, and default provisions. Attorneys spend valuable billable time searching for model agreements, cross-referencing state-specific requirements, and ensuring all necessary protections are included while maintaining consistency across documents.

Drafting comprehensive term loan agreements requires extensive time reviewing transaction details, ensuring compliance with lending regulations, and crafting precise financial covenants and security provisions. Attorneys spend 8-10 hours per agreement coordinating multiple documents, verifying party information, and customizing standard clauses to match specific deal terms. Manual drafting increases risk of inconsistent defined terms, missing cross-references, and non-compliant provisions.

CaseMark automates term loan agreement drafting by extracting transaction details from term sheets and related documents, then generating complete, market-standard agreements with properly structured covenants, security provisions, and compliance language. The AI ensures consistency across all sections, calculates financial ratios, and adapts provisions to secured or unsecured structures. Attorneys receive comprehensive agreements ready for review in minutes instead of days.

How it works

  1. 1. Upload your documents

  2. 2. AI analyzes and extracts key information

  3. 3. Review and customize the generated content

  4. 4. Export in your preferred format (DOCX, PDF)

What you get

  • Parties and Recitals

  • Loan Amount and Disbursement

  • Interest Rate and Fees

  • Repayment Terms

  • Prepayment and Acceleration

  • Security and Collateral

  • Representations and Warranties

  • Covenants

  • Events of Default and Remedies

  • Governing Law and Dispute Resolution

  • Miscellaneous Provisions

  • Signatures

What it handles

  • Parties and Recitals

  • Loan Amount and Disbursement

  • Interest Rate and Fees

  • Repayment Terms

  • Prepayment and Acceleration

  • Security and Collateral

  • Representations and Warranties

  • Covenants

  • Events of Default and Remedies

  • Governing Law and Dispute Resolution

  • Miscellaneous Provisions

  • Signatures

Required documents

  • Term Sheet or Letter of Intent

    Preliminary agreement outlining principal loan amount, interest rate, term, and key commercial terms

    .pdf, .docx, .doc

  • Borrower Entity Information

    Complete legal name, jurisdiction of formation, principal address, and organizational documents

    .pdf, .docx, .txt

Supporting documents

  • Financial Statements

    Recent balance sheets, income statements, and cash flow statements to inform covenant packages

    .pdf, .xlsx, .xls

  • Existing Credit Agreements

    Prior lending agreements, security documents, or intercreditor arrangements affecting this transaction

    .pdf, .docx

  • Collateral Documentation

    Property descriptions, equipment lists, UCC searches, or title reports for secured transactions

    .pdf, .docx, .xlsx

  • Corporate Resolutions

    Board resolutions, certificates of good standing, or authorization documents

    .pdf, .docx

Why teams use it

Generate complete term loan agreements in 12 minutes vs. 4+ hours manually

Automated compliance verification with usury laws and state-specific lending requirements

Pre-verified standard clauses from authoritative legal sources including bar associations and model agreements

Comprehensive coverage of all essential sections including security interests, covenants, and default provisions

Consistent, professional formatting with customizable terms for each unique transaction

Questions

How does CaseMark handle both secured and unsecured term loans?

CaseMark automatically adapts the agreement structure based on whether collateral is involved. For secured loans, it generates comprehensive security interest provisions with detailed collateral descriptions, perfection requirements, and UCC filing language. For unsecured loans, it includes appropriate unsecured creditor language and typically stronger covenant packages to compensate for lack of collateral protection.

Can the AI draft appropriate financial covenants for different industries?

Yes, CaseMark tailors financial covenant packages based on the borrower's industry and capital structure. It recommends appropriate ratios such as debt service coverage, leverage limits, and working capital requirements with industry-standard thresholds. The system defines calculation methodologies precisely and specifies testing frequencies, while allowing attorneys to adjust thresholds based on specific negotiated terms.

How does CaseMark ensure compliance with LIBOR transition requirements?

CaseMark automatically includes compliant benchmark replacement provisions for variable-rate loans, incorporating fallback language that specifies alternative reference rates like SOFR when LIBOR becomes unavailable. The system includes conforming changes provisions and spread adjustments to preserve the economic bargain, ensuring compliance with the Adjustable Interest Rate (LIBOR) Act and current market standards.

What information does CaseMark extract from uploaded term sheets?

CaseMark analyzes term sheets to extract critical deal terms including principal loan amount, interest rate structure, loan term and maturity date, repayment schedule, fee arrangements, and collateral descriptions. It also identifies party information, intended use of proceeds, financial covenant thresholds, and special provisions. Any gaps or inconsistencies are flagged for attorney review before finalizing the agreement.

How long does it typically take to draft a term loan agreement manually versus with CaseMark?

Manual drafting of a comprehensive term loan agreement typically requires 8-10 hours for an experienced attorney, including time to review transaction documents, customize templates, ensure internal consistency, and verify compliance. CaseMark reduces this to approximately 15-20 minutes for AI generation plus attorney review time, representing a 95%+ time savings while improving consistency and reducing errors.

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