A loan contract template is a tool that can help you draft a legal loan document. The drafting of this document is a careful task. Get instant access to hundreds of business forms, templates, and contracts online today. Find documents for almost every kind of business such as purchase orders, partnership agreements, loan agreements, applications, and bill of sale. Promissory NotePromissory Note is similar to a Loan Agreement. However, it is a simpler form and doesn't usually include as many provisions as a Loan Agreement. A Loan Agreement is a document where a lender advances funds to a borrower. The agreement is subject to the borrower’s obligation to repay that money, whether it be in a certain time or in a certain way. Please note: Prior to using these forms, please consult with an attorney or other expert knowledgeable in the laws of the applicable jurisdiction and the specific intended use of those forms. All forms available for download through FormNet are general in nature; are not based on the laws of any specific state or other juridiction but rather general principles of law applicable throughout the United States; and should only be used after first consulting with an attorney or other expert knowledgeable in the laws of the applicable jurisdiction and the specific intended use of those forms. If you've ever loaned money and not been repaid, you understand the need for a Loan Agreement. A legally binding Loan Agreement not only maps out the terms of the loan, but it also protects you if the borrower defaults on the loan.