A term loan agreement is a contract between a lender and a borrower that outlines the terms of a loan. The agreement includes the loan amount, interest rate, repayment schedule, and any other terms that the lender and borrower agree to. A term loan agreement is used when a borrower needs a large sum of money for a long-term project or investment. The agreement allows the borrower to repay the loan over a period of time that is agreed upon by both parties.
You can be the first one to contribute!