Document background
The Interim Loan Agreement is a critical financing document used in situations where temporary or bridge financing is required pending the arrangement of more permanent funding solutions. This document type is particularly relevant in Hong Kong's dynamic financial market, where rapid access to financing is often necessary for time-sensitive transactions. The agreement includes essential provisions required under Hong Kong law, including compliance with the Money Lenders Ordinance and Banking Ordinance. It typically covers a lending period of 3-12 months and includes detailed terms on facility amount, interest calculations, drawdown mechanics, and repayment obligations. The document is structured to protect both lender and borrower interests while maintaining flexibility for transition to permanent financing arrangements.
