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English
$
USD
I will create custom loan agreements and repayment terms
Licensed US Attorney, Expert Legal Document Drafting for Your Business
I am Joseph Powell, a licensed US attorney (Bar #62434) with over a decade of experience in commercial and transactional law. My practice is focused on helping businesses and individuals protect their...
About this Gig
Whether for a business investment, startup capital, or a personal project, a handshake deal is a recipe for disaster. A properly drafted Loan Agreement is the bedrock of any lending situation, protecting both the lender and the borrower by creating a clear, legally enforceable roadmap.
I'm Joseph Powell, a US attorney (Bar #62434), and I specialize in drafting custom legal contracts that stand up to scrutiny. I will create a comprehensive Loan Agreement tailored to your exact needs, moving beyond a simple promissory note to cover the full scope of your arrangement.
A Complete Loan Agreement Should Include:
- Parties: Clear identification of lender and borrower.
- Terms: Principal, interest rate, term, and a detailed repayment/amortization schedule.
- Covenants: Promises made by the borrower (e.g., not to take on more debt).
- Default & Remedies: What happens if a payment is missed and what rights the lender has.
- Representations & Warranties: Statements of fact the parties are relying on.
- Governing Law: Specifies which state's laws will govern the agreement.
Don't leave your finances to chance. Order a professional Loan Agreement today.
Field of law:
Business (corporate)
Target country:
United States
Agreement type:
NDA
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Demand letter
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Legal notice
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Other
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
What is the difference between a Loan Agreement and a Promissory Note?
A Promissory Note is essentially a promise to pay. A Loan Agreement is a much more comprehensive contract that contains all the terms of the deal, including the promissory note but also adding covenants, warranties, and detailed default provisions.
Can this agreement be used for a loan to my own business?
Yes, it is crucial to properly document loans you make to your own company (e.g., from personal funds). This maintains the corporate veil and ensures the transaction is respected as a loan, not a capital contribution.
What are "covenants"?
Covenants are promises within the contract. A "positive covenant" is a promise to do something (e.g., maintain insurance on collateral). A "negative covenant" is a promise not to do something (e.g., not to sell major assets without permission).
Can you include an amortization schedule?
Yes, for the Standard and Premium packages, I will generate and include a full amortization schedule showing the breakdown of each payment into principal and interest over the life of the loan.
I'm the borrower, not the lender. Can you still help me?
Yes. While these agreements are often requested by lenders, I can also draft an agreement from the borrower's perspective or review an agreement that has been presented to you (this would be a custom order).
