Sample Small business loans online Agreement Our step-by-step interview process makes creating a printable Loan Agreement easy. If you are loaning money as a personal favor, you may decide not to charge interest. About us Contact us Careers Partner with us. Personal loans or IOUs between friends or family. Cosigner A cosigner is someone with good credit who is willing to take over payment responsibility for the loan if the borrower defaults. Agreements are made for documenting a decision and to keep a legal record of the promise or decision. The Consequences of Not Having a Loan Agreement Between Individuals A simple loan agreement details how much was borrowed, as well as whether interest is due and what should happen if the money is not repaid. Rocket Lawyer is business loan template free a "lawyer referral service" and does not provide legal advice or participate in any legal representation. You wish to prepare an amortization table if the loan includes interest. Copyright Rocket Lawyer Incorporated. Loan Agreement Page of. If business loan template free loan document doesn't fit your needs, we offer other types of loan contracts including: Promissory Note Promissory Note click to see more similar to a Loan Agreement. Representations and Warranties. You can get help in getting more loans and settling the loans well, click to see more the documentation or agreement is perfect. When should I use a Loan Agreement?