My question involves personal finance in the State of: Louisiana
Hello, I manage a revolving loan fund in New Orleans. We offer collateralized loans for equipment and inventory purchases- similar to commercial loans, but we do not secure real estate. We are about to commence lending operations and are currently evaluating whether or not a lawyer should handle loan closings. The hope is that the lawyer will assist with UCC filing, but I am unaware of other benefits. Can anyone explain the benefits of a lawyer closing commercial loans? Appreciate it.