Contact | Q & A | Free Ad    




Credit Agreement

Often times just between the seller and the buyer, a credit agreement provides documentation for those who wish to engage in a transaction, but do not have an immediate way of getting you the money. Filling out the following form will prevent any legal issues that arise from the buyer not paying back what he has borrowed.

Sample Template

Version: Word PDF
# of Pages: 2
Type: Agreement
Categories: Business, Credit
Printable: Yes
License: Private License



About Credit Agreements

A credit agreement is a document which provides evidence of an arrangement for a seller to receive future payment from a buyer in exchange for taking possession of an asset. A credit agreement includes information about the parties involved along with the terms and amount of repayment due. Payment typically will include the principle amount along with interest.




Credit Agreement

This Line of Credit Agreement is made this ____________________ day of ____________________, 2_____

(the “Credit Agreement”), by and among:

“Debtor or Borrower”

Name: ________________________________________________________________________________________

Address: ______________________________________________________________________________________

City: ___________________________________________ State: ___________ Zip Code: _____________________

Phone Number: ________________________________________________________________________________

Email Address: _________________________________________________________________________________

AND

“Creditor or Lender”

Company Name: _______________________________________________________________________________

Address: ______________________________________________________________________________________

City: ___________________________________________ State: ___________ Zip Code: _____________________

Phone Number: ________________________________________________________________________________

Email Address: _________________________________________________________________________________

A line of credit is hereby established in the following amount:

$_____________________

For the benefit of the above listed Borrower. The Lender may terminate the Borrower’s line of credit privilege to request advances or lower the above stated amount. This line of credit will be subject to the following Terms & Conditions:

The Lender hereby establishes a line of credit that revolves in the Borrower’s favor in the amount of $__________.

No portion of this Line of Credit Agreement will be deemed to require the Lender to advance any sum of money at any time. The Loan made through this Line of Credit Agreement will bear interest at the rate as determined by the attached Promissory Note or Exhibit A.




The failure by the Borrower to pay, when due, any amount that is due under the Note or failure by the Borrower to pay when due, any obligation of the Borrower to the Lender will result in Default of this Line of Credit Agreement.

The Borrower hereby certifies that any and all necessary resolutions that may be required to validate the terms and conditions of this Line of Credit Agreement and the Note have been accepted by the Borrower.

Signature of the Debtor: _______________________________________________________ Date: ___/___/_____

Signature of the Creditor: ______________________________________________________ Date: ___/___/_____

State of: __________________________

County of: ________________________

The foregoing document was acknowledged before me this _________________ day of ______________________

20_____, at _____________________________________ in the State of: _________________________________

By: __________________________________________________________________________________________

To be his or her free act of deed.

Signature of Notary Public: _______________________________________________________________________

My commission expires: ___/___/_____






Forms & Templates

Credit Agreement
Credit Reference Form
Credit Application Form
Loan Term Sheet
Credit Card Authorization Form
Agreement To Repay Debt
Promissory Payoff Letter
Request for Payment
Overdue Balance Letter
Letter To Authorize Credit Card Use
Bad Check Notice
Credit Memo
Credit Denial Letter