mj hudson group plc on friday said it reached an agreement for a 15 millionpound 18 million loan to provide it with working capital during its current sales process the londonlisted assetmanagement consulting company said the short term facility will bear a 5 interest on top of the bank of englands base rate per year and extra fees agreed with the senior lender it added that former chief executive matthew hudson who is also a substantial shareholder agreed to provide a shareholder loan of gbp100000 at the same interest rate having consulted their adviser the directors consider the terms of the loan to be fair and reasonable as far as shareholders are concerned it added