Question 1

What does a custom Loan Agreement include?

Accepted Answer

Your custom Loan Agreement will include:

• Loan amount, purpose, and disbursement terms
• Interest rate, fees, and payment calculation method
• Detailed repayment schedule and amortization terms
• Security interests and guarantees (if applicable)
• Financial and operational covenants
• Events of default and remedies
• Prepayment rights, notice requirements, and break costs
• Governing law and dispute resolution

Each section is tailored specifically to your lending arrangement and complies with Canadian law.

Question 2

How quickly will I receive my Loan Agreement?

Accepted Answer

Standard delivery is 3 business days after we receive your completed questionnaire. If you select Express Delivery at checkout, you'll receive your agreement within 1 business day.

After checkout, we'll email you a detailed questionnaire covering loan amount, purpose, interest terms, repayment schedule, and security arrangements.

Question 3

Who drafts my Loan Agreement?

Accepted Answer

Your agreement is drafted by a licensed Canadian lawyer with experience in commercial lending and secured transactions. All our lawyers are members in good standing with their provincial law societies and have extensive experience drafting loan agreements for businesses across Canada.

Question 4

How does the information gathering process work?

Accepted Answer

After checkout, we'll send you an AI-powered questionnaire that asks targeted questions about your loan terms, security arrangements, and business requirements. The questionnaire adapts based on your answers, ensuring we capture all necessary details efficiently.

You can complete it at your own pace, and our system saves your progress automatically.

Question 5

Are revisions included?

Accepted Answer

Yes! One round of revisions is included in the price. After reviewing your draft agreement, you can request changes to terms, add clarifications, or adjust specific provisions. Additional rounds of revisions are available for an extra fee if needed.

Question 6

Can I speak with the lawyer who drafts my agreement?

Accepted Answer

While the initial drafting is based on your questionnaire responses, you can request a solicitor consultation for an additional fee if you need to discuss complex provisions, negotiate specific terms, or get legal advice about your lending arrangement.

Question 7

What makes this different from a template?

Accepted Answer

Templates are one-size-fits-all documents that may not reflect your specific lending terms or properly account for Canadian law requirements. Our custom Loan Agreements are drafted by licensed lawyers who:

• Tailor every provision to your specific loan structure
• Ensure compliance with federal and provincial laws
• Include appropriate security and guarantee language
• Draft proportionate covenants and default remedies
• Use clear, enforceable language that reduces disputes

You're getting a professionally drafted agreement, not a generic template.

Question 8

Can this agreement include security interests and guarantees?

Accepted Answer

Yes. We can draft comprehensive security provisions including:

• General security agreements covering all assets
• Specific security over particular assets (real property, equipment, inventory)
• Personal guarantees from directors or shareholders
• Registration and perfection requirements under provincial PPSA legislation

We'll provide guidance on registration and perfection steps to ensure your security interests are properly protected.

Question 9

Does this agreement comply with Canadian lending laws?

Accepted Answer

Yes. Your Loan Agreement is drafted to comply with:

• Federal laws including the Interest Act and Criminal Code (interest rate limits)
• Provincial consumer protection and lending legislation
• Personal Property Security Act (PPSA) requirements for secured transactions
• Provincial limitations acts for enforcement
• Common law principles governing lending relationships

We ensure your agreement is enforceable and compliant with all applicable Canadian laws.

Question 10

Can I make changes to the agreement in the future?

Accepted Answer

Your agreement will include amendment provisions that specify how changes can be made (typically requiring written consent from all parties). For future amendments, you can engage us to draft amendment agreements or you can work with your own legal counsel.

We recommend reviewing significant changes with a lawyer to ensure they don't inadvertently affect other provisions or your security interests.

Question 11

Do you provide guidance on implementing the agreement?

Accepted Answer

Yes! Your final package includes:

• Execution instructions (signing, witnessing, dating)
• Security registration guidance (PPSA filings, if applicable)
• Checklist of supporting documents you may need
• Overview of key obligations and deadlines

For complex transactions, we can provide additional implementation support for an extra fee.

Question 12

What happens after I receive my Loan Agreement?

Accepted Answer

Once you receive and approve the final draft:

1. Review the agreement with all parties
2. Have all parties sign and date the agreement
3. If security is included, register your security interests as instructed
4. Provide copies to all parties
5. Keep the original in a safe place
6. Disburse the loan funds according to the agreement terms

We're available to answer questions during implementation if you need clarification on any provisions.

Custom Loan
Agreement

How it works

Form & Checkout

We Draft

Review & Finalize

Why This Loan Agreement Works

Clear Economics

Security & Guarantees

Covenants & Defaults

Remedies

Plain‑English

Amendments & Support

Join 6000+ Businesses Who Trust Us

Meet Your Expert Team

Tamara

Alicia

Johanna

Ayesha

Geraint

Kyle

Drew

Chris

Antonella

FAQs

Custom LoanAgreement