Loan Agreement

# LOAN AGREEMENT

**Agreement Date:** {{agreement_date}}

This Loan Agreement is entered into by:

**Lender:**
{{lender_name}}
{{lender_address}}

**Borrower:**
{{borrower_name}}
{{borrower_address}}

## 1. LOAN AMOUNT

The Lender agrees to loan to the Borrower:

**Principal Amount:** {{principal_amount}}

## 2. DISBURSEMENT

The loan will be disbursed:
**Date:** {{disbursement_date}}
**Method:** {{disbursement_method}}

## 3. INTEREST

**Interest Rate:** {{interest_rate}}% per annum
**Interest Type:** {{interest_type}}
**Interest Calculation:** {{interest_calculation}}

## 4. REPAYMENT TERMS

**Repayment Schedule:** {{repayment_schedule}}
**Payment Amount:** {{payment_amount}}
**First Payment Due:** {{first_payment_date}}
**Final Payment Due:** {{maturity_date}}

**Payment Method:** {{payment_method}}

## 5. PREPAYMENT

{{prepayment_terms}}

## 6. LATE PAYMENT

If payment is not received by the due date:
- Grace Period: {{grace_period}}
- Late Fee: {{late_fee}}
- Default Interest Rate: {{default_rate}}

## 7. SECURITY/COLLATERAL

{{collateral_terms}}

## 8. USE OF FUNDS

The Borrower agrees to use the loan proceeds for:
{{use_of_funds}}

## 9. REPRESENTATIONS AND WARRANTIES

**Borrower represents:**
- Authority to enter this agreement
- Information provided is accurate
- No pending litigation affecting ability to repay
- Will notify Lender of any material changes

## 10. COVENANTS

The Borrower agrees to:
{{borrower_covenants}}

## 11. DEFAULT

The following constitute events of default:
- Failure to make payment when due
- Breach of any covenant
- False representation
- Bankruptcy or insolvency
{{additional_default_events}}

## 12. REMEDIES

Upon default, the Lender may:
- Declare entire balance immediately due
- Exercise rights to collateral
- Pursue legal remedies
- Recover costs and attorney fees

## 13. WAIVERS

The Borrower waives:
{{waivers}}

## 14. NOTICES

All notices shall be sent to the addresses above and shall be effective upon receipt.

## 15. GOVERNING LAW

This Agreement shall be governed by the laws of {{governing_state}}.

## 16. ENTIRE AGREEMENT

This Agreement constitutes the entire understanding between the parties regarding this loan.

---

**LENDER**

Signature: {{lender_signature}}
Name: {{lender_name}}
Date: {{lender_date}}

---

**BORROWER**

Signature: {{borrower_signature}}
Name: {{borrower_name}}
Date: {{borrower_date}}

---

**GUARANTOR (if applicable)**

Signature: {{guarantor_signature}}
Name: {{guarantor_name}}
Date: {{guarantor_date}}