Description
What is a Loan Agreement?
A loan agreement regulates the relationship between the borrower of money and the lender who advances such amount. The Loan Agreement determines when the loan must be repaid, what interest is payable and what security is held by the Lender for the performance by the Borrower.
Why purchase a Loan Agreement?
Never lend or borrow money without having it agreed on paper. If you advance money to an individual or a company, it is of paramount performance that the terms thereof is agreed in advance.
Who needs this?
- Any business or individual that wants to lend money to another company or individual
- Investors and Venture Capitalists
- Any arrangement where money must be repaid
