Loan Agreement

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:

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