Commercial Loan Agreement

If your company makes a loan to another company, this should be documented by a Loan Agreement. A Loan Agreement should state the amount of the funds advanced, the interest rate applicable, and how the loan is to be repaid. Where the borrower is a company, the lender will usually want the directors of the … Continue reading “Commercial Loan Agreement”

Why record a personal loan?

As we all know, a dispute over money can ruin the best of relationships. This is even (or perhaps especially!) the case between family and friends. The best way to avoid disputes when lending or borrowing money is to keep a clear record of what is agreed. This will also ensure that:- Both parties actually … Continue reading “Why record a personal loan?”