On this week’s edition of the Business Coach With Silver Kayondo, Silver looks to enlighten you on what loans are and what you should be looking for in a loan agreement.
These are the clauses you need to pay attention to.
Pay attention to the Interest rates. (fixed interest rate or variable interest rate). He goes ahead to talk about penalty interest, security, events of default, grace period and more, in this video.
As a dual-trained Ugandan and South African lawyer, my focus is on assisting businesses, innovators and investors in shaping the trajectory of the Fourth Industrial Revolution (4IR) on the African continent, by deploying the skills, knowledge and experience accrued over time.