Business Loan Agreement Template

You can open the Business Loan Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Business Loan Agreement Template

Printable | Editable Form




Business Loan Agreement Template (1)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This agreement is made for the purpose of providing a business loan to the Borrower, commencing on [Loan Start Date], under the terms outlined herein.
Clause 1: Loan Amount
The Lender agrees to loan the Borrower a total amount of [Loan Amount] which will be disbursed on [Disbursement Date].
Clause 2: Interest Rate
The loan shall bear interest at the rate of [Interest Rate]% per annum, calculated on the outstanding principal.
Clause 3: Repayment Terms
The Borrower agrees to repay the loan in [Number of Instalments] instalments of [Instalment Amount] each, starting on [First Payment Date] and ending on [Final Payment Date].
Clause 4: Prepayment
The Borrower may prepay the loan in part or in full, without penalty, provided that the Lender is notified at least [Number of Days] days in advance.
Clause 5: Default Conditions
In the event of default, defined as the Borrower failing to make a scheduled payment within [Number of Days Late] days, the Lender may demand full repayment of the remaining balance.
Clause 6: Governing Law
This Agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]
Business Loan Agreement Template (2)
Between:
[Name of the Lender]
[Lender’s ID]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
And:
[Name of the Borrower]
[Borrower’s ID]
[Borrower’s Address]
Introduction:
This document outlines the terms and conditions under which the Lender will provide a loan to the Borrower, effective from [Loan Start Date].
Clause 1: Total Loan Amount
The total amount of the loan provided shall be [Loan Amount].
Clause 2: Interest Rate and Fees
The loan will incur an interest rate of [Interest Rate]% along with any applicable fees, which will be detailed as follows: [List Fees].
Clause 3: Payment Structure
The Borrower agrees to repay the loan with scheduled payments of [Instalment Amount] over [Repayment Period] months.
Clause 4: Late Payment Penalties
Late payments shall incur a fee of [Late Fee Amount] if the payment is not received within [Number of Days Late] days of the due date.
Clause 5: Representations and Warranties
The Borrower represents that they have the authority to enter into this agreement and that all information provided is accurate.
Clause 6: Severability
If any provision of this agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

Form

Please complete the form below to create the Business Loan Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Business Loan Agreement Template

1. Borrower Information


2. Lender Information


3. Loan Details


4. Purpose of the Loan

5. Repayment Terms

6. Collateral Information

7. Default Terms

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures




PDF


WORD

Printable

Business Loan Agreement Template

Printable | Editable Form




Business Loan Agreement Template