Law Hound Group

Legal Templates | Compliance Services| Legal Training

Go quickly to ↪ Shop, Start Here, Help

TwitterYoutubeFacebookLinkedinPinterest
Business Loan Agreement Template Rich results on Google’s SERP when searching for ‘Business Loan Agreement Template’

BUSINESS LOAN AGREEMENT TEMPLATE- with VIDEO GUIDE

£30.00

Use this loan agreement when one business is offering credit or making a loan to another.

As a business you may want to offer credit or make a loan to another business. It might be to help them pay your invoice over time. Perhaps it’s to fund a project?

Whatever the reason for the credit or loan, you need a written agreement. This makes good business sense because you want to be repaid. You can make it clear what the loan is for and how it should be repaid. You can also cover what interest you’re charging. Everyone will know where they stand and what will happen if something does go wrong (like late or non-payment).

LOAN AGREEMENT

This is a business to business loan or credit agreement. It can be used for loans between limited companies where the Consumer Credit law does not apply. Do not use it for loans or credit with a sole trader or limited partnership without taking legal advice. This is because those loans are usually regulated, and you will usually need to be licenced by the Financial Conduct Authority. We can help you with alternative ways of extending credit to sole trader or limited partnership.

Ready to Buy?

Want to know more?

Categories: ,

Description

Business Loan Agreement Template or Credit Agreement template – here’s the details

WHY SHOULD I USE THIS BUSINESS LOAN AGREEMENT TEMPLATE?

You need to be repaid when you are offering a loan or credit to a limited company. That means keeping a written record of what’s been agreed so everyone understands their obligations. This agreement takes you through the practical issues you need to think about before making the loan. You can then confidently record your agreement and rely on it when needed.

Make sure that you and the other company are clear about responsibilities and obligations.

It will make it much easier for both of you.

WHAT’S IN THIS BUSINESS LOAN AGREEMENT TEMPLATE?

This agreement includes the information you need to include in an agreement like this. Our step-by-step approach helps you record the amount of the loan and when and how it needs to be repaid.  You can also decide on what interest you want to charge.

It also helps you explain what happens if payments are not made (defaults). You can also provide information about when you would expect the loan balance to be paid early. For example, you can ask for full repayment if the business you are loaning money to is closing.

 

HOW DO I ACCESS AND USE THIS BUSINESS LOAN AGREEMENT TEMPLATE?

Start by downloading the MS Word document (available as soon as you’ve ordered and paid). We make sure that our qualified lawyers have written it plain English, so it is easy to understand.

The document contains guidance and suggestions. You also get a video to guide you through those suggestions and through each section of the document. This way you  have an agreement that you customise to meet your needs.

Use it for loans or credit agreement with companies and when you don’t need to be licenced or regulated with the Financial Conduct Authority.

 

NEED OTHER DOCUMENTS? 

Lending money to a family member? See our Family Loan Agreement