Loan Notes are a form of debt instrument that represents a loan made by an investor to a borrower. They are typically issued when a company wants to raise capital quickly and does not want to go through the process of issuing new shares or selling bonds on the stock market. Instead, they can issue Loan Notes to private investors who are willing to lend them money in exchange for interest payments over time. The notes are typically secured against assets owned by the borrower and may also include a guarantee from a third party.