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Private Loan Agreement Form Example Template Microsoft Officeord Format Personal Free Document Sample
Private loan agreement form example template microsoft officeord format personal

Private Loan Agreement Form Example

Posted by: Betty Cosper at February 02 2018 02:54:27.

An inter-company loan agreement allows two child entities to borrow and loan funds from each other that have the same parent company. The loans are usually favorable to one-side in order to help with cash reserves or help make an investment whereas the other child entity lacks the finances to do.

Unsecured Loans – Most standard loans are ‘unsecured’. This means that if the borrower does not pay back the lender then the lender will have to take the borrower to small claims in order to court order for the borrower to pay back the money.

Late fees: Many borrowers frown at paying more than they already must for a loan. Adding late fees to the agreement’s wording can help in preventing potential overdue payments in the future. The wording can allow for the late fees being something the lender applies at his or her discretion.

Secured Loans – If the borrower is considered a high-risk then the lender may want to request an asset that will be in the lender’s possession if the debt is not paid. This type of loan is most commonly used in pawn shops.

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