Using a change in sola and security agreements may limit your ability to obtain additional financing for your business, especially if the lender files a UCC-1. New lenders may not be willing to borrow funds, as another lender has a security interest in your commercial property. A better approach, if possible, is to enter into a credit contract with your lender instead of making a single loan. Such an agreement also includes the use of a debt security and a guarantee contract, but it has the added benefit of forcing your lender to make advances in the future as long as you meet certain repayment conditions. At some point in your company`s life, you`ll probably need to borrow money — especially if you need to buy new appliances or inventories. Loans from banks or other institutional lenders will always be made with a number of documents, two of which are a change of funds and a security agreement. In general, the change of funds is your written promise to repay the loan, and a guarantee contract is used when guarantees are provided for the loan. A security agreement is used in conjunction with a secure sola change. The terms of the guaranteed debt generally contain a reference to the security agreement and a brief description of the associated security. The security agreement specifies commercial property declared as collateral. If the borrower is late in repaying the debt, the agreement sets out the steps the lender can take to seize collateral, for example. B require a turnover of security ownership. While this is not legally required for an existing bond and security agreement, lenders will generally take an additional step when business real estate is declared as a guarantee for a loan.