The most common time for a loan is when a business or company is wishing to expand or requires additional capital, which is all part of Entrepreneurship. In some cases, the company will extend their credit with suppliers, in other cases, they will take loans from friends and family, all of which are loans in nature and principle. When money is loaned to a business, it is most likely personally guaranteed by the Entrepreneur who is doing it, unless otherwise collateralized. The key issues to put into your loan as an Entrepreneur for attracting the much needed cash flow is:

• Who the Borrower is, clearly defined with current address. i.e. the person or the company
• The amount of the loan, interest, and payment term and rights of prepayment if any
• Events that would be considered default under the loan
• Remedies available to the lender if the borrow fails to repay the loan or defaults on any of the terms
• General legal terms

If you are looking to put a loan agreement in place to secure funds for your entrepreneurial venture, then click this link: Loan Agreement

Kasu, a friends and family platform that helps you document your loan!
Go To www.kasu.ca or www.DocumentYourLoan.com