Sample Loan Agreement

This Loan Agreement ("Agreement") is made and entered into on [Date] by and between:

Lender: [Lender's Name]
Address: [Lender's Address]

Borrower: [Borrower's Name]
Address: [Borrower's Address]

1. Loan Amount
The Lender agrees to loan the Borrower the principal sum of $[Amount] (the "Loan").

2. Interest Rate
The Loan will bear interest at an annual rate of [Interest Rate]% calculated on the basis of a 360-day year.

3. Term
The term of this Loan will be [Number] months, commencing on [Start Date] and ending on [End Date] (the "Term").

4. Repayment Schedule
The Borrower agrees to repay the Loan in [Number] equal monthly installments of $[Installment Amount] each, due on the [Day] of each month, beginning on [Start Date] and continuing until the Loan is paid in full.

5. Prepayment
The Borrower may prepay the Loan, in whole or in part, at any time without penalty.

6. Default
In the event of default, including but not limited to failure to make timely payments, the Lender may declare the entire remaining balance of the Loan immediately due and payable. Default may also result in legal action to recover the Loan amount.

7. Collateral
As security for the Loan, the Borrower agrees to provide the following collateral: [Description of Collateral]. The Lender shall have a security interest in the collateral until the Loan is fully repaid.

8. Representations and Warranties
The Borrower represents and warrants that all information provided in connection with this Loan is accurate and that the Borrower has the legal authority to enter into this Agreement.

9. Governing Law
This Agreement will be governed by and construed in accordance with the laws of the State of [State].

10. Amendments
Any amendments to this Agreement must be made in writing and signed by both parties.

11. Notices
Any notice required or permitted under this Agreement must be in writing and delivered to the addresses set forth above.

12. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral.

13. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Loan Agreement as of the day and year first above written.

Lender
Signature: ______________________
Name: [Lender's Name]
Title: [Lender's Title]

Borrower
Signature: ______________________
Name: [Borrower's Name]
Title: [Borrower's Title]

14. Additional Terms
[Include any additional terms or conditions relevant to the Loan here.]

15. Dispute Resolution
In the event of any dispute arising under this Agreement, the parties agree to first seek resolution through mediation before pursuing other legal remedies.

16. Confidentiality
Both parties agree to keep the terms of this Agreement confidential and not to disclose any information related to the Loan except as required by law.

17. Severability
If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

18. Waiver
No waiver of any term or condition of this Agreement shall be deemed a waiver of any other term or condition or of any subsequent breach.

19. Binding Effect
This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns.

20. Assignment
The Borrower may not assign this Agreement or any of its rights or obligations hereunder without the prior written consent of the Lender.