A loan agreement template is a document setting out the details of a consumer or business loan. It involves information about the terms of the loan, representations, warranties, and agreements of the borrower. Loan agreements are commonly found in the written form, but there is no legal reason why they cannot be purely oral contracts. In real estate-related businesses, loans are a fact of life. Mainly, they cannot finance their businesses to achieve and accomplish organizational goals without loans. Under the law, a party to a loan agreement is obligated to know and obey the terms of the agreement. Moreover,…