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Lender Information

Lender Information

Entity Type Individual Person Corporation Limited Liability Company (LLC) Partnership Sole Proprietorship Trust Non-Profit Organization Government Entity

Select the type of entity

Full Legal Name

As it should appear on the document

Doing Business As (DBA)

Optional trade name

State of Formation Select state... Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

Where the entity was formed

Authorized Representative

Person authorized to sign

Representative Title

Title or position

Address

Street Address

Full street address including suite or unit number.

City

City of lender residence or business.

State Select... Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

State where this address is located.

ZIP Code

5-digit ZIP code.

Email Address

Used for correspondence and notices.

Phone Number

Best number for direct contact.

Borrower Information

Borrower Information

Entity Type Individual Person Corporation Limited Liability Company (LLC) Partnership Sole Proprietorship Trust Non-Profit Organization Government Entity

Select the type of entity

Full Legal Name

As it should appear on the document

Doing Business As (DBA)

Optional trade name

State of Formation Select state... Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

Where the entity was formed

Authorized Representative

Person authorized to sign

Representative Title

Title or position

Address

Street Address

Full street address including suite or unit number.

City

City of borrower residence or business.

State Select... Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming District of Columbia

State where this address is located.

ZIP Code

5-digit ZIP code.

Email Address

Used for correspondence and notices.

Phone Number

Best number for direct contact.

Loan Terms

Principal Loan Amount ($) *

The total amount being lent, before interest. This is the amount the borrower receives and must repay.

Annual Interest Rate (%) *

State usury laws cap interest rates. Most states limit personal loans to 10–24% APR. Check your state's legal maximum before entering.

Loan Start Date *

The date the loan funds are disbursed and interest begins accruing.

Loan Maturity Date *

The final date by which the full outstanding balance must be repaid.

Repayment Schedule * Select… Monthly installments Quarterly installments Lump sum at maturity Interest-only with balloon payment Custom schedule

Monthly installments reduce default risk by keeping payments manageable. Lump sum is common for short-term loans between individuals.

Late Payment Fee ($)

A flat fee charged when a payment is received after the due date. Provides incentive for timely repayment. Check state usury limits.

Grace Period (days)

The number of days after the due date before a late fee applies. 5–10 days is standard.

Governing Law (State) * Select… AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Determines which state's usury and lending laws apply. Use the state where the lender is located or where the loan is being made.

Collateral & Security

Secured Loan (Collateral Required)

A secured loan gives the lender the right to seize collateral if the borrower defaults. Typically results in lower interest rates.

Collateral Type Select… Real Estate Vehicle Equipment Inventory Accounts Receivable Securities Other

Real estate and vehicles require a separate lien filing (deed of trust or UCC-1). Consult an attorney for real property collateral.

Detailed Collateral Description

Be specific — include VIN numbers, property addresses, serial numbers, or other unique identifiers to prevent disputes about what was pledged.

Estimated Collateral Value ($)

The current market value of the collateral. Should generally exceed the loan amount to provide adequate security.

Personal Guarantee Required

The guarantor personally promises to repay the loan if the borrower defaults. Common when lending to businesses or LLCs.

Guarantor Full Name

Must be the individual's legal name as it appears on official ID documents.

Guarantor Relationship to Borrower

Establishes why this person is guaranteeing the loan. Relevant for corporate loans guaranteed by business owners.

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Not Legal Advice: This automated form assistance tool provides general information and document templates. It is not a substitute for legal advice from a qualified attorney. Laws vary by jurisdiction and change over time. Consult with a licensed attorney for advice specific to your situation.
Last updated: January 2026