Can Banks call a commercial loan whenever they want?

[Justin Westmoreland]

I came across a concern today about a bank being able to call on a commercial loan whenever they want. Is this possible? If so what can you do to prevent this from happening if you don't have the cash to pay? What are the chances of this happening?

[Jessica Zolotorofe]

They can usually only call the loan if there is a default. Commercial loan documents should always be reviewed by a lawyer. They vary from bank to bank and I have never reviewed a set that didn't need to be negotiated and revised in some manner to protect my client. It's not like residential with form loan docs. If it had that general provision in it, I would not suggest a client sign, so it is definitely not the norm.