Loan agreement  From Wikipedia, the free encyclopedia Jump to:
navigation, search  A loan agreement is a contract between a
borrower and a lender which regulates the mutual promises made
by each party. There are many types of loan agreements,
including "facilities agreements," "revolvers," "term loans,"
"working capital loans." Loan agreements are documented via a
compilation of the various mutual promises made by the involved
parties.  Prior to entering into a loan agreement, the
"borrower" first makes representations about his affairs
surrounding his character, creditworthiness, cashflow, and any
collateral that he may have available to pledge as security for
a loan. These representations are taken into consideration and
the lender than determines under what conditions (terms), if
any, they are prepared to advance money.  Loan agreements, like
any contract, reflect an "offer," the "acceptance of the offer,"
"consideration," and can only involve situations that are
"legal" (a term loan agreement involving he