Finance

Loan Agreement

Lend or borrow money with clear terms — amount, interest, repayment schedule, and remedies if payments stop.

Create My Loan Agreement See What’s Included
$29.99 one-time — or unlimited from $99/yr
Category:
Finance
Time:
Minutes
Formats:
PDF & Word
Works for:
Personal & business loans

LOAN AGREEMENT

Prepared with BizDocs

This Loan Agreement (“Agreement”) is entered into as of July 25, 2026, by and between Foundry Creative Group and Northgate Ventures, LLC.

1. Loan amount and disbursement

Principal and how it's delivered.

2. Interest rate

Rate and how interest accrues.

3. Repayment schedule

Installments, due dates, and payoff.

…

Signature
Signature
What’s included

What your Loan Agreement covers

your answers shape each section — anything that doesn’t apply stays out
Loan amount and disbursement — Principal and how it's delivered
Interest rate — Rate and how interest accrues
Repayment schedule — Installments, due dates, and payoff
Late payment and default — Grace periods, fees, and acceleration
Security or collateral — Whether the loan is backed by property
Prepayment — Whether early payoff is allowed or penalized
The plain-English briefing

What is a Loan Agreement?

A Loan Agreement documents money lent and the promise to repay it: principal, interest rate, repayment schedule, what constitutes default, and what the lender can do about it. It can cover business loans, loans between individuals, or loans to family — anywhere real money changes hands.

It's more robust than a promissory note: where a note is the borrower's one-way promise, a loan agreement is a two-party contract with fuller terms.

Why it matters

Undocumented loans destroy relationships and evaporate in disputes — was it a loan or a gift? What was the rate? A signed agreement makes the debt real, sets expectations on both sides, and gives the lender enforceable remedies. Interest also has tax and usury-law implications worth getting right.

How it works

Three steps to a finished document

1

Answer questions

Plain-English questions about your situation, parties, and terms.

2

Review the document

Read what was written from your answers and fine-tune any section.

3

Download & use

Export as PDF or Word — and come back to edit any time.

Fair questions

Loan Agreement questions

Especially family loans. Documentation prevents the gift-versus-loan dispute, protects relationships with clear expectations, and matters for taxes — the IRS expects minimum interest rates (AFR) on sizable family loans.
State usury laws cap rates, and caps vary widely. Between individuals, modest rates near the applicable federal rate are typical and safe; for business loans, market rates apply within state limits.
The default section governs: late fees, a cure period, then acceleration — the right to demand the full balance — and collection. If the loan is secured, the collateral clause adds repossession rights.
Yes. Your answers shape the sections and language of the final document — including your parties, terms, and where relevant your state — so you're not left editing a generic template.
Your finished document downloads as both a polished PDF and a fully editable Microsoft Word (.docx) file, professionally formatted and ready to use.
Yes — every BizDocs document is fully editable. Update names, dates, terms, and entire sections before downloading, or download the Word version and edit it anywhere.
Often created together

Documents that pair with this one

Legal

Demand Letter

Demand payment or action — formally, first.
Finance

Bill of Sale

Document the sale of goods, vehicles, or equipment — buyer, seller, price, and condition, with proof of transfer for both sides.
Finance

Promissory Note

A simple, enforceable promise to repay — the streamlined document for straightforward loans.

Your loan agreement is minutes away.

Answer a few questions and download your customized document today.

Create My Loan Agreement