Get your Small Business Loan Agreement Template in 3 easy steps
01 Fill and edit template
02 Sign it online
03 Export or print immediately
Business Loan Agreement Template Explained
Want to know what this notion stands for? Interested in learning the basics of how to draft a commercial loan agreement from scratch? Or, perhaps, you’re on the prowl for a personal loan to business agreement template to fill it out online fast and seal the deal as soon as possible? In either case, our today’s piece may come in handy. So, you better stay tuned for details.
What Is a Business Loan Agreement?
It’s a legitimate agreement between the borrower and the lender (usually a bank) that spells out the conditions of repayment, interest rates, deadlines, and other vital details agreed upon within the settlement. If you’re currently searching for a free business loan agreement template, the PDFLiner database of editable, printable, digitally signable, and downloadable sample forms is definitely right up your alley.
What Is the Purpose of a Business Loan Agreement?
The purpose of this form is to record the act of borrowing money from a lender, whether that be a relative, financial institution, or any other entity. This doc is never unimportant or just-formal. Instead of underestimating its power, focus on the terms that it outlines and let it be your guide as you pay off your debt.
What I Need the Business Loan Agreement PDF For
You need this form PDF for:
- recording both parties’ obligations;
- shielding both parties’ interests;
- creating a solid framework in case of unpredictable happenings;
- preventing any miscommunication;
- guiding the borrower’s pay-off-debt way.
How to Write a Business Loan Agreement
Generally speaking, here are the steps to follow if you want to write a business loan agreement:
- Establish an effective date.
- Provide both sides’ ID info.
- Specify the loan amount.
- Outline a repayment plan.
- Determine interest rate.
- Touch upon late payment fees.
- Add signatures.
How to Fill Out the Loan Contract Template
The file is a five-pager that is relatively easy to get the gist of. Here are the major elements you should include when completing the form:
- Current date.
- Both parties’ names.
- Exact loan amount.
- Overdue payment terms.
- Both parties’ signatures.
PDFLiner is a great platform to start digitizing your document management. The service provides all the needed tools for finding, editing, branding, sharing, e-signing, storing, and submitting your files. With our top-notch assistance, your choice to digitize your approach to administration will bring the most positive results.
Organizations That Work With Business Loan Agreement Form
- law firms;
- other institutions.
What people say
Now that I’ve switched from Word to PDFLiner, I save lots of time processing and digitally distributing tons of billing forms, work orders, forecast reports, and invoices. In addition to this, thanks to PDFLiner, we’ve significantly minimized our paper consumption. Excellent tool that helps me cope with my business workflow faster and easier.
PDFLiner allows me to streamline the processes of generating and managing legal documents, as well as collecting electronic signatures for all my contracts and agreements. I like that I can customize forms on the go and access PDFLiner from all my gadgets. No more printing or scanning! That’s just brilliant!
When you’re a student, you deal with PDFs a lot… Newsletters, various worksheets, official forms you need to fill in and sign, etc… To me, filling out a PDF form used to be among the trickiest and most time-consuming things ever. But then a friend of mine introduced me to PDFLiner, and oh my God, my life has changed since then. It’s easy to use and has so many great features. Just awesome, I love it!
Fillable online Small Business Loan Agreement Template