Finance & Operations
Simple loan agreement
Templates › Finance & Operations
A simple loan agreement documents a loan between small parties — the amount, any interest, and the repayment schedule — turning an informal "I'll pay you back" into an enforceable written record.
When to use it
Use this any time real money changes hands as a loan between individuals or small businesses, even among friends or family — a written agreement protects the relationship as much as the money, by making the repayment expectations explicit instead of assumed.
What's typically included
- Loan amount
- Interest terms
- Repayment schedule
- Prepayment terms
- Default terms
- Security (or note that the loan is unsecured)
- Governing law
This template is a general starting point, not legal advice — customize it and have it reviewed for your situation.
Ready to use this template?
Every word is editable before you send — this is a starting point, not a final draft.