Small Business Loan Agreement Template

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Small Business Loan Agreement Template

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Small 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 Loan Agreement outlines the terms and conditions for the loan provided to the Borrower by the Lender, effective from [Loan Start Date].
Clause 1: Loan Amount
The Lender agrees to loan the Borrower the sum of [Loan Amount] for business purposes.
Clause 2: Interest Rate
The annual interest rate applicable to this loan will be [Interest Rate]%, calculated on a [Monthly/Yearly] basis.
Clause 3: Loan Term
This loan will be repaid over a period of [Loan Term], ending on [Maturity Date].
Clause 4: Payment Schedule
The Borrower agrees to make payments according to the following schedule: [Detail payment terms, e.g., monthly installments].
Clause 5: Prepayment
The Borrower may prepay the loan in whole or in part without penalty.
Clause 6: Default
In the event of a default, the Lender has the right to demand immediate repayment of the outstanding loan amount, plus any applicable interest and fees.
Clause 7: Governing Law
This agreement will 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]
Small 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 stipulates the terms of the loan granted to the Borrower, commencing on [Loan Start Date].
Clause 1: Amount of Loan
The principal amount of the loan shall be [Loan Amount].
Clause 2: Interest and Fees
The Borrower will pay interest at an annual rate of [Interest Rate]% plus any applicable fees.
Clause 3: Repayment Period
Repayment of the loan will occur over [Loan Term] months, concluding on [Maturity Date].
Clause 4: Payment Terms
Payments will be made in equal installments on a monthly basis, commencing on [First Payment Date].
Clause 5: Default Conditions
The Lender may declare the entire balance due and payable upon a default event, including but not limited to payment delinquency.
Clause 6: Security Interest
The loan is secured by [Specify collateral or security interest, if applicable].
Clause 7: Miscellaneous
This agreement constitutes the entire understanding between the parties concerning the loan.
Signed in [City], [Date].
Sincerely,
[Signature of the Lender]
[Name of the Lender]
[Signature of the Borrower]
[Name of the Borrower]

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Please complete the form below to create the Small 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.

Small Business Loan Agreement Template

1. Lender Information


2. Borrower Information


3. Loan Details




4. Purpose of the Loan

5. Repayment Terms

6. Collateral

7. Default Conditions

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures



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Small Business Loan Agreement Template

Printable | Editable Form

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Small Business Loan Agreement Template