Home – New Forums Money matters Sole Trader to PL – Existing business loans Reply To: Sole Trader to PL – Existing business loans

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HillgroveAH
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Its most likely the conditions your lender has imposed on the loan you have in place don’t permit you to assign that debt to another borrower (although the lender typically does have the right to sell your loan to another party)

That being said, it’s in the interests of the lender to re docuemtn the loan with the new entity as borrower, albeit they may not make the process simple.

Agree though with the posters above more information would be helpful; including who the loan is with.