Simple Loan Agreement Template | Family Loan, Personal Loan, Startup Loan & Sma

Document a Loan Clearly. Avoid Costly Misunderstandings.
Whether you're lending money to a family member, friend, business partner, or small business, putting the agreement in writing is one of the simplest ways to protect everyone involved.

This Simple Loan Agreement Template helps lenders and borrowers clearly document the terms of a loan, reducing the risk of future disputes and misunderstandings. The form is designed for real-world situations where the parties have a trusted relationship but still want a professional written agreement.

Unlike many loan agreements and promissory notes that are heavily drafted in favor of the lender, this template is intentionally balanced, practical, and easy to understand. It is written in plain English and focuses on the terms that matter most.
 
Why We Created This Template
Many loan agreement forms are unnecessarily complex, difficult to negotiate, or loaded with lender-friendly provisions. This template takes a different approach.

We call it a Simple Loan Agreement because it is designed to be easy to understand, customize, and sign. It does not include complicated provisions such as personal guarantees, equity conversion rights, collateral packages, or other advanced financing terms often found in commercial lending documents.

Instead, it is intended for straightforward lending situations where the parties want a fair, professional agreement that clearly reflects their deal.

Whether you are helping a family member start a business, lending money to a friend, or documenting a private loan between trusted parties, this template provides a practical starting point.
 
Easy to Edit and Customize
This template is provided in Microsoft Word format and can also be edited in Google Docs.

After purchase, you'll receive immediate access to download the document. Simply enter your information, customize the terms to fit your situation, and have all parties sign.

The template also includes practical instructions and drafting notes to help you understand common options and considerations before finalizing your agreement.
 
Family loans
Friend-to-friend loans
Small business startup loans
Loans between business partners
Personal loans
Private lending arrangements
Loans that have already been made but were never properly documented
Loan amount
Interest rate
Repayment schedule
Maturity date and loan term
Late payment provisions
Prepayment rights
Default provisions
Signatures of lender and borrower
Other key loan terms commonly included in a written loan contract
Claims that loaned money was actually a gift
Disputes regarding repayment terms
Confusion about interest rates or payment schedules
Questions regarding whether funds were personal or business-related
Lack of written evidence if a disagreement arises later
 
Instant Download
Microsoft Word (.docx) format
Compatible with Google Docs
Immediate access after purchase
Written in plain English
Suitable for personal and small business loans
Easy to customize for your specific situation
 
A simple written agreement today can prevent expensive disputes tomorrow.