Llc Loan Agreement Template

Disclaimer

The provided document is intended solely as a general template for establishing a financial agreement between parties. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in business or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this sample document is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

This is a sample LLC Loan Agreement template. The specific details may vary based on individual circumstances and applicable laws. Please customize accordingly.

LLC Loan Agreement Sample

Parties:

Lender: ABC Capital LLC
Address: 789 Business Rd, Suite 300, Chicago, IL 60601

Borrower: XYZ Limited LLC
Address: 456 Commerce St, Suite 200, Chicago, IL 60602

Loan Details:

The Lender agrees to lend the Borrower the principal amount of $50,000. The loan shall bear interest at a rate of 5% per annum. The loan term shall commence on __________________ and shall mature on __________________, unless earlier repaid or extended according to the terms of this agreement.

Repayment Terms:

The Borrower shall repay the loan in monthly installments of $________________, starting on __________________, until the full amount, including interest, is paid. Payments shall be made via wire transfer or other mutually agreed method.

Security Interest:

The Borrower grants the Lender a security interest in all assets of the LLC to secure the repayment of this loan, as detailed in the attached security agreement (if applicable).

Obligations of the Parties:

The Borrower agrees to use the loan solely for business purposes related to LLC operations. The Lender agrees to provide the loan under the terms outlined herein and to cooperate with the Borrower’s compliance requirements.

Governing Law:

This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois. Any disputes shall be resolved in the courts of Cook County.

Additional Provisions:

• The Borrower shall provide periodic financial statements upon request.
• Any amendments to this Agreement shall be made in writing and signed by both Parties.
• In case of default, the Lender may accelerate the repayment of the outstanding balance.

Chicago, ______________________