US Law Videos .com  


US Law Videos .com
Helping you understand American law through
video, books, links, forms, and more ...

Home Search Legal Forms Law Books
(195 videos)

Loan Agreement

Do-It-Yourself Legal Forms -- Save Time & Money -- Click here for forms

Legal Form:

Legal Form
Download Now

A Loan Agreement is used to document and set out the terms of a loan between individuals, between corporations, or between an individual and a corporation.

When a business or company is either starting up or wishes to expand, it likely requires additional money or capital. Additional funds can be obtained from either a bank or a third party willing to loan the money to the business. Where money is loaned to a business, the lender will want to have the borrower sign a loan agreement that details certain key issues regarding the loan.

In other cases, an individual may want to lend money to another individual for personal reasons (eg. to help a person buy a car or pay for university).

Key issues to be included in a Loan Agreement include:

  • the amount of the loan
  • when funds are to be advanced
  • amount of interest to be charged
  • documentation to evidence advancement of funds such as a promissory note
  • repayment terms and rights of prepayment if any
  • how and when payments are to be made
  • various promises made by the borrower
  • issues surrounding when a lien will be granted to secure the funds against any assets
  • events that would be considered default under the loan
  • remedies available to the lender in the event the borrower default or fails to repay the loan
  • provisions dealing with any other issues of concern to the lender or borrow
  • general legal terms

Download: Loan Agreement form

NOTICE: The information and links contained on this web page are intended only to be merely informative and are NOT intended to provide legal advice to any person/entity. Never rely solely on the information contained on this web site or on any third-party web site. Information and/or links may not apply or be appropriate to your situation and/or may be out of date. Any person with a specific legal question or legal problem should always consult with and seek the advice of a qualified lawyer. E.&O.E. Legal disclaimer


Canadian Law Resources: (24-Aug-2018) E.&O.E.

More videos ...