Business Loan Document

Business loan document is an official paperwork of the financial dealings between a business company and a financial company. It systematically enlists the loan proceedings and terms of initiating the deal centring on the borrower’s obligations towards the lender. Thus, it is required to be made very sincerely and followed honestly to stay away from legal complicacies.

You can Download the Free Business Loan Document customize it according to your needs and Print. Business Loan Document is either in MS Word, Excel or in PDF.

Sample Business Loan Document

Business Loan Document

Download Free Business Loan Document

Name of company: Fresh Skin Clinic

Nature of business: This business is the latest addition to the salon-cum-spas in the city specializing in skin treatments with state-of-the-art techniques.

Base of working: Arcadia

Status of business: This is the initial stage and the company is slowly making plans for setting up the business more firmly.

Purpose of loan proposal: The loan will be required for setting up a den in a feasible area where customers can easily make frequent trips and for buying the products, machines and equipments.

Business strength: Korean LED Phototherapy

The following points give an outline of the loan agreement:

  • The company has pleaded for a loan amount of $60, 00,000 from Life Bank Federation on 5th July, 2011.
  • The loan was issued by the bank vide cheque number 4638373 on 5th August, 2011.
  • The loan will be repaid in 12 instalments, the period of which would begin from 10th September, 2011 and end on 10th September, 2012.
  • The loan has been granted against a monthly interest charge of 6% over and above the basic loaned amount.
  • Loan proceedings are made under the operating laws of the state that will have to be strictly followed.

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