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Term Loan Agreement

Draft Term Loan Agreements in Minutes, Not Hours

15 minutes with CaseMark

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Upload your documents and get a finished work product in minutes. New accounts get $5 free to run their first skill.

15 minutes with CaseMark

What you'll need

  • Term Sheet or Commitment Letter
  • Borrower Entity Information

SOC 2 Type II · HIPAA compliant · $5 free credit

Workflow

Overview

Drafting term loan agreements manually requires hours of research across multiple legal resources, careful coordination of complex financial terms, and meticulous attention to covenant structures and default provisions. Corporate attorneys spend valuable billable time searching for standard language, verifying compliance requirements, and ensuring consistency across loan documentation—time that could be better spent on strategic client advisory work.

Drafting comprehensive term loan agreements traditionally requires 6-10 hours of attorney time to ensure all commercial terms, covenants, representations, and default provisions are properly documented. The complexity of balancing lender protections with borrower flexibility, while maintaining regulatory compliance and addressing transaction-specific nuances, makes this a time-intensive and expensive process that delays deal closings.

CaseMark automates term loan agreement drafting by analyzing your transaction documents and generating complete, execution-ready agreements in minutes. Our AI incorporates all essential provisions—from loan economics and repayment terms to comprehensive covenants and default remedies—while customizing the document to your specific transaction parameters and risk allocation preferences.

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 Term

  • Interest Rate and Payments

  • Repayment Terms

  • Prepayment and Fees

  • Representations and Warranties

  • Covenants

  • Events of Default and Remedies

  • Governing Law and Miscellaneous

  • Signatures

What it handles

  • Parties and Recitals

  • Loan Amount and Term

  • Interest Rate and Payments

  • Repayment Terms

  • Prepayment and Fees

  • Representations and Warranties

  • Covenants

  • Events of Default and Remedies

  • Governing Law and Miscellaneous

  • Signatures

Required documents

  • Term Sheet or Commitment Letter

    Document outlining the basic commercial terms agreed between lender and borrower including loan amount, interest rate, maturity, and key conditions

    .pdf, .docx, .doc

  • Borrower Entity Information

    Legal name, jurisdiction of formation, principal place of business, and organizational structure of the borrowing entity

    .pdf, .docx, .txt

Supporting documents

  • Financial Statements

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

    .pdf, .xlsx, .xls

  • Existing Loan Agreements

    Prior lending agreements between the parties or with other lenders to ensure consistency and identify cross-default provisions

    .pdf, .docx

  • Corporate Resolutions

    Board resolutions or certificates of authority authorizing the borrowing and execution of loan documents

    .pdf, .docx

  • Security Documents

    Information about collateral, guarantors, or security interests to be incorporated into the loan structure

    .pdf, .docx

Why teams use it

Generate complete term loan agreements in 12 minutes vs. 5+ hours manually

Automatically research and cite authoritative legal sources for loan provisions and covenants

Extract party and financial details from uploaded documents using intelligent RAG technology

Ensure comprehensive coverage of all critical sections including representations, covenants, and default remedies

Maintain consistency with industry-standard language from LegalZoom, Nolo, and bar association resources

Questions

What information do I need to provide to generate a term loan agreement?

At minimum, you need the basic commercial terms including the parties' legal names, loan amount, interest rate structure, maturity date, and repayment schedule. Uploading a term sheet or commitment letter will allow CaseMark to extract these details automatically. Optional documents like financial statements, existing loan agreements, and corporate resolutions help customize financial covenants and other provisions to your specific transaction.

Can the agreement include financial maintenance covenants?

Yes, CaseMark can incorporate customized financial covenants such as debt service coverage ratios, leverage ratios, minimum liquidity requirements, and capital expenditure limitations. If you provide financial statements, the system can suggest appropriate covenant thresholds based on the borrower's historical performance. You can specify exact covenant levels and testing periods to match your credit requirements.

How does CaseMark handle prepayment provisions and penalties?

The generated agreement includes comprehensive prepayment provisions that you can customize based on your transaction. You can specify whether prepayments are permitted without penalty, require advance notice, include lockout periods, or trigger prepayment fees calculated as a percentage of principal, yield maintenance, or make-whole premiums. The system also addresses mandatory prepayment from asset sales, insurance proceeds, or debt issuances.

Are the agreements compliant with lending regulations and usury laws?

CaseMark generates agreements with standard compliance provisions and structures interest calculations using market-standard methodologies. However, you should verify compliance with specific state usury limits, licensing requirements, and applicable federal regulations based on your jurisdiction and transaction type. The system provides a foundation that incorporates best practices, but final compliance review should be conducted based on your specific circumstances.

Can I modify the generated agreement after CaseMark creates it?

Absolutely. The generated term loan agreement is fully editable and serves as a comprehensive first draft that you can refine to address transaction-specific requirements, negotiated provisions, or firm preferences. CaseMark provides institutional-quality documentation that covers all standard provisions, giving you a strong foundation to customize rather than starting from scratch.

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