Small Business Microloan Agreement

This Microloan Agreement ("Agreement") is made and entered into on by and between:

Lender Name:
Address:
Borrower Name:
Business Name (if applicable):
Address:

1. Loan Amount and Disbursement

The Lender agrees to loan the Borrower the principal amount of to be disbursed on .

2. Purpose of Loan

3. Interest Rate

The loan shall bear interest at a rate of per annum.

4. Repayment Terms

The Borrower shall repay the Loan as follows:

• Repayment Amount:
• Repayment Frequency:
• First Payment Due:
• Final Payment Due:

5. Prepayment

6. Default

7. Governing Law

This Agreement shall be governed by the laws of .

8. Additional Terms