Simple business loan agreement

Question

do you want a definition of one or are you looking to execute an agreement? If so, between individuals, or between businesses?

Suggestions:

Assuming you ed the above, there are websites that provide forms, both free and fee. Search some out and read what the contracts include. Ultimately the loan agreement, simple or otherwise has to hold up in a court of law (or arbitration, if you prefer) to protect both lender and borrowers rights. Otherwise, it is unenforceable and both parties have no recourse.

If you use a prepared form or if you write it yourself, should have a legal beagle review it at least (yes it will cost a few $ extra)but worthwhile should the agreement go sour. Hope this helps.