Matthijs van Gaalen
Partner
Video
What are the most common types of entities bankers may encounter?
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I am Matthijs van Gaalen and I'm a corporate / commercial lending lawyer at Gowling WLG.
You are watching our first video as part of our video series entitled Different Types of Borrowing Entities video series.
Over the next couple of videos, we're going to introducing types of borrowing entities that bankers could encounter and their key features.
Understanding your borrower is important because it can impact:
As such, the type of entity that is borrowing or guaranteeing a loan is incredibly important to ensure the lender is able to fully recover the loan from the assets in the event of a default.
Although there are many others, the seven most common types of entities you are likely to encounter are
Watching our series on Different Types of Borrowing Entities is going to be a high-level review of these types of entities. That will provide you with general familiarity with the types of entities that you are going to encounter. This knowledge will serve you well in discussions with prospective clients when you're structuring new arrangements or with existing clients when you're amending existing credit facilities.
However, if you find that you have more specific questions about any of the points discussed or their application to a specific fact scenario, please reach out to any member of our lending team and I am also available through my contact information: matthijs.vangaalen@gowlingwlg.com.
Every now and again, a banker may encounter an unfamiliar legal entity. Even with more common entities such as corporations, partnerships, and individuals, the legal considerations may not be always top-of-mind for bankers. In this series, we'll address some of the essential legal considerations for various types of entities that participate in financing transactions.
In this video we discuss:
Watch more videos | Go to our lending resource hub
If you have any specific questions about the points discussed or it's specific application, please reach out to our Banking & Finance Group or Matthijs van Gaalen.
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