It also outlines the guarantor’s obligations and the conditions under which they would be required to fulfill the loan repayment. This template ensures that both parties are clear on their obligations and helps to mitigate risks associated with unsecured loans. It is a useful document for companies seeking to formalize a loan arrangement without the need for collateral, while still providing the lender with some assurance through the guarantor’s commitment.
Loan Agreement Template Company to Company No Security with Guarantor
KShs 3,900
A Loan Agreement Template for a loan between two companies, without security but with a guarantor, outlines the terms and conditions under which the loan is provided. This type of agreement specifies that the borrower company does not need to provide collateral to secure the loan. Instead, a guarantor is involved, who promises to repay the loan if the borrower defaults. The agreement typically includes details such as the loan amount, interest rate, repayment schedule, and the responsibilities of both the lender and the borrower.
