We have the following documents about Borrowing:
Commercial Loan Agreement: A Commercial Loan Agreement is a loan agreement on commercial terms. To borrow money under a Commercial Loan Agreement, the borrower has to pay a stipulated amount of interest to the lender and repay the loan on specified dates. A loan created under a Commercial Loan Agreement can be secured or unsecured, but additional security documents are required for a secured loan. You can click here to know more.
Director’s/Shareholder’s Loan Agreement: A Director's/Shareholder's Loan Agreement is a loan agreement for a company to borrow money from its director or shareholder. Unlike a commercial loan agreement, a loan under a Director’s/Shareholder’s Loan Agreement can be interest-free and repayable on demand. Given the relationship between the borrower and the lender, a Director’s/Shareholder’s Loan Agreement does not contain extensive representations and warranties, nor any obligations or restrictions on the borrower's part. Click here to know more.
Intragroup Loan Agreement: An Intragroup Loan Agreement is a loan agreement for a borrower and a lender in the same company group.
To borrow money under an Intragroup Loan Agreement, the borrower must pay a stipulated interest amount to the lender and repay the loan on specified dates. Given the intragroup relationship between the borrower and the lender, an Intragroup Loan Agreement does not contain extensive representations and warranties, nor any obligations or restrictions on the borrower's part. You can click here to know more.
Promissory Note: A Promissory Note is a simple contract that records the terms of a loan to a company. A Promissory Note is often used in place of a complex loan agreement for a small sum of money borrowed. A loan under a Promissory Note can be interest-bearing or interest-free. You can click here to know more.
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