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Draft a loan agreement between 2 companies

We need someone with a legal background or understanding to draft loan agreement between two companies.

This could be a modification of an existing contract or a new one.

The terms of the contract should be


Amount Borrowed: £35,000

Agreed rate: (.085% per day) or 31.025% per annum (based on 365 days)

Duration: 121 days (4 months)

Penalty charges: .055% per day (on outstanding balance not paid back after 121 days), which works out to 0.14% per day, or 51.1% on outstanding balances after 4 months.

Funds to be received on the 13th of Nov 2019.

Sum to be returned on the 13th of March 2019 is £38,599.75 which includes the amount borrowed of £35,000 and the interest accrued £3.599.75

The borrowing company reserves the right to terminate the contract at an earlier date, paying off all outstanding sums and a 1.5% early termination penalty. i.e. contract terminated after 50 days, funds due calculated as:

Interest: £1,487.50

early termination penalty: £525

amount borrowed: £35,000

Total repaid: £37,012.5


We believe that this is a simple contact to draft

Budget: $20

Kemahiran: Perundangan, Kajian Undang-undang, Penulisan Undang-Undang, Kontrak, Undang-Undang Pekerjaan

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Tentang Majikan:
( 12 ulasan ) LONDON, United Kingdom

ID Projek: #21915753

Dianugerahkan kepada:


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Hi, I have seen your project description and the need to have a loan agreement drafted for you. I have worked on several similar agreements for clients on this website and would be keen to do the same for you as well. Lagi

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As a skilled and capable lawyer, I can assist you with drafting a Loan Agreement between two companies. My areas of specialty are Contract Law, Commercial Law and Corporate Law. You can view a sample of my legal work Lagi

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