Purchase Price: $12.99	(Credit Cards & Paypal Accepted)
Features of this Product or

• General Purpose. This form is designed to be used for simple to moderately complex loan agreements between individuals and small businesses. It is not designed for secured transactions whereby the lender is to receive a security interest in assets of the borrower.
  
• Features of this form. This form contains the following features:
  1. It allows for up to 3 different Borrowers and 3 different Lenders to be parties to the transaction;
  2. Allows the user to choose between a "demand loan" (i.e., one fully payable by the Borrower at time demand is made by the Lender) and a loan for set period (i.e., 3 years);
  3. System can calculate monthly or yearly payments due to the Lender if the user so chooses (and the loan agreement is for a specific period);
  4. System can create an amortization schedule stating the interest and principal portion of each loan payment;
  5. Allows the user to select the interest rate applicable to the loan;
  6. Allows the user to select the events of loan default and provides for remedies in the case of default;
  7. Allows the user to select state law to control contract;
  8. Allows the user to name suit location should one later become necessary;
  9. Provides for indemnification (or reimbursement) to any non-breaching party for attorneys fees and out-of-pocket expenses resulting from breach of the contract.
  
  
• Loan Term. In our loan agreement form, the user may choose either a "demand loan" or a loan for a specific period. A "demand loan", in our form system, is one where the Borrower must repay the entire amount of the loan (including any accrued interest) within 15 days after the Lender makes a written demand upon Borrower for payment.
  
  
• Amortization Schedule. For all loan agreements where the user asks our system to calculate the amount of the loan payment or the users states a fixed loan payment amount (these are choices 2 through 6 in response to question 6 of the questionnaire), our system will create an amortization schedule that: (1) lists each payment called for under the agreement, (2) states the interest component of each payment, (3) states the principal component of each payment, and (4) states the prinical balance remaining after each payment. This is especially important information for tax purposes if your loan is of an investement or business nature. The system works with either yearly or monthly payments and payment periods of 6 months, 9 months, 1 year, 2 years, 3 years, 4 years, 5 years, 6 years, 7 years, 10 years, 12 years, 15 years, 20 years, 25 years, and 30 years.
  
  The amortization schedule is included with this form; however, if you only desire the amortization schedule and not the entire loan agreement, we sell it as a separate form for $5.99--Amortization Schedule as separate form.
  
  The following is an example for a $100,000 loan at 8% percent interest with 6 set yearly payments of $15,000 (where the user has choosen to have a balance due at the end of the loan term).