Who can use this Loan Agreement?
Anyone lending money to a limited company can use this loan agreement. (For a loan to an individual see document A116
What is this Loan Agreement for?
This loan agreement sets out the terms on which the loan will be paid
What are the main issues?
The amount of the loan & whether it will be advanced in one or more instalments
Interest rate and when interest will be payable.
Repayment of capital: will this be repayable in instalments
Warranties and undertakings from the borrower, e.g. that proper accounting information has been provided and will be produced during the loan period
Default – i.e. what happens if the borrower does not make a payment of interest or capital on time?
What detailed terms does the contract contain?
This is a five page document with 14 clauses covering
- the loan amount and initial drawdown
- repayments of interest
- repayments of principal
- due date for payment
- information to be supplied
- borrower’s undertakings
- change of ownership
- governing law and disputes
For more information on each of these sections, see our Explanatory Notes which you will receive when you download the document from our website.
For information on signing documents see our Contract Signing page
When I download the document, can I change it and/or use it more than once?
Yes, all ContractStore’s templates are in MS Word and you can use the contract on more than one project. For more information, watch the video on this page of our website or see our FAQs
ContractStore supplies templates and is not a law firm. But all our templates are written by experienced lawyers – in this case by a commercial solicitor – so we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template. . For more information see our Legal Services page.
And if you want to contact us see our Contacts page.
If you have any questions about a contract and/or want to see the Explanatory Notes before you buy, please let us know by using our contact form