Business loan agreement is a document used as a record of loan taken or lends between a business to a lender. The loan agreement contains necessary information regarding the loan and the promises of both parties, like the amount of money owed, loan duration, terms and conditions as well as the amount or rate of interest involved.
Business loan agreement is used to get a business loan from a bank or other lender. The purpose of making this loan agreement is to serve as the proof dictating the terms on which the lender and borrower has agreed to the terms set before and repay the loan.
Whether you are planning to give a loan to an individual or a company, the following templates can be valuable tool to help you create the contract fast. Don't forget to check them out!