Loan Business Agreement Template: FREE To Download, Edit & Use [DOCX PDF]

Loan Business Agreement Templates are used for documenting the terms and conditions of a loan between two parties.

These templates, which come in both DOCX and PDF formats, are designed to protect the interests of both the borrower and lender.

They offer an easy-to-use, editable format that you can download and modify as per your specific needs. Whether it’s a business loan template or a free loan agreement, our templates serve as an excellent starting point for drawing up legally binding agreements.

With this download loan agreement feature, users can easily use the agreement to manage their contractual obligations effectively.

1. Parties Involved

This Loan Agreement (the “Agreement”) is entered into as of ________ (the “Effective Date”), by and between ____________ [Lender’s Full Legal Name], a [corporation/limited liability company/etc.] organized under the laws of the state of ____________, with its principal place of business at ____________ [Lender’s Full Address] (the “Lender”), and ____________ [Borrower’s Full Legal Name], a [corporation/limited liability company/etc.] organized under the laws of the state of ____________, with its principal place of business at ____________ [Borrower’s Full Address] (the “Borrower”).

2. Loan Amount and Terms

Subject to the terms and conditions of this Agreement, the Lender agrees to lend to the Borrower the principal sum of __________ [Loan Amount] (the “Loan”). The Loan will be payable in accordance with the terms set forth in this Agreement. The Loan will be subject to an interest rate of __________ [Interest Rate] per annum. The Loan, together with accrued and unpaid interest and all other charges, costs and expenses, is to be repaid in full by the Borrower on or before __________ [Final Repayment Date].

3. Repayment Schedule

The Borrower agrees to repay the Loan in __________ [Number of Installments] installments, commencing on __________ [First Repayment Date]. Each installment will include a portion of the principal amount and accrued interest. The detailed repayment schedule will be provided in Exhibit A attached hereto.

4. Security

As security for the repayment of the Loan, Borrower grants to Lender a security interest in __________ [Describe Collateral]. The Borrower represents and warrants that it owns the collateral free and clear of all liens.

5. Late Payment and Default

If any installment is not paid within __________ [Number of Days] days of its due date, a late fee will be due and payable along with the installment. In an event of a default by the Borrower, the Lender may declare the entire remaining Loan balance to be immediately due and payable.

6. Additional Terms and Conditions

Additional terms and conditions of this Agreement, if any, shall be as set forth in Exhibit B attached hereto.

7. Governing Law and Jurisdiction

This Agreement shall be governed by the laws of the state of __________ [Governing State]. Any disputes arising from or relating to this Agreement shall be resolved in the courts located within the state of __________ [Governing State].

8. Entire Agreement

This Agreement, together with the Exhibits attached hereto, constitutes the entire agreement between the parties with respect to its subject matter.

9. Signatures

By signing below, the Lender and the Borrower agree to the terms and conditions of this Agreement as of the Effective Date.

_________________________
[Lender’s Full Legal Name]
By: _______________________
Name:
Title:
Date:

_________________________
[Borrower’s Full Legal Name]
By: _______________________
Name:
Title:
Date:

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Other Useful Contracts

If you found the Loan Business Agreement Template helpful, you might also be interested in exploring the Partnership Business Agreement Template. This template can be especially beneficial if your loan business involves working with one or more partners. It sets out the rights and responsibilities of each party, helping to ensure a smooth and successful business relationship. Mapping out a partnership agreement is always a prudent step in establishing a collaborative venture.

Another useful resource that complements the Loan Business Agreement Template is the LLC Business Agreement Template. If your loan business is structured as an LLC, this template can help you draft an agreement that protects your interests and governs the workings of your LLC. It’s an excellent tool to establish the management structure and operational processes of your business.

In addition, you might find the Non-compete Business Agreement Template insightful. In the competitive world of loan businesses, it’s crucial to protect your company from potential threats. This template helps create a robust non-compete agreement, ensuring your employees or partners do not engage in activities that directly compete with your enterprise after leaving your company.

Lastly, considering the often volatile nature of businesses, having a well-structured termination agreement is necessary. The Termination of Business Agreement Template can help you draft an enforceable termination clause or agreement. It ensures that all parties are clear about the terms and conditions governing the termination of business relations, thus minimizing potential disputes and misunderstandings.
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