The Small Business Loan Contract is a fundamental document used in Canadian business financing to formalize lending arrangements between financial institutions and small to medium-sized enterprises. This agreement is essential when a business seeks capital for expansion, working capital, equipment purchase, or other business purposes. The contract must comply with Canadian federal regulations, including the Bank Act and Interest Act, as well as provincial legislation such as the Personal Property Security Act. It typically includes detailed terms about the loan amount, interest calculations, repayment schedule, security arrangements, events of default, and remedies. The document is designed to protect both the lender's security interest and the borrower's rights while ensuring transparency in the lending relationship.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the lender and borrower, including full legal names, addresses, and registration details
2. Background: Context of the loan agreement, including purpose of the loan and brief description of the borrower's business
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Loan Amount and Purpose: Specification of the principal amount and detailed description of approved use of funds
5. Interest Rate and Calculation: Clear statement of interest rate, calculation method, and frequency of compounding
6. Repayment Terms: Payment schedule, payment amounts, and method of payment
7. Security: Description of assets or guarantees provided as security for the loan
8. Representations and Warranties: Statements of fact by the borrower about their business, financial condition, and authority to enter into the agreement
9. Covenants: Ongoing obligations of the borrower during the term of the loan
10. Events of Default: Circumstances that constitute default and consequences thereof
11. Remedies: Lender's rights and remedies in case of default
12. General Provisions: Standard contract clauses including notices, amendments, governing law, and assignment
1. Insurance Requirements: Required when specific insurance coverage is needed to protect the loan security
2. Guarantor Provisions: Required when a personal or corporate guarantee is part of the security structure
3. Prepayment Terms: Include when early repayment is allowed, specifying any penalties or conditions
4. Draw Down Provisions: Required for loans that are not fully advanced at closing
5. Financial Covenants: Include for larger loans requiring ongoing financial performance metrics
6. Subordination Terms: Required when there are other lenders and priority needs to be established
1. Repayment Schedule: Detailed amortization table showing payment dates, amounts, and allocation between principal and interest
2. Security Agreement: Detailed description of collateral and security registration requirements
3. Business Plan: Summary of borrower's business plan and financial projections
4. Guarantor Agreement: Terms of any personal or corporate guarantees
5. Disclosure Statement: Required disclosures under relevant federal and provincial legislation
6. Certificate of Independent Legal Advice: Confirmation that borrower has received independent legal advice
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Professional Services
Technology
Healthcare
Hospitality
Construction
Agriculture
Transportation
Real Estate
E-commerce
Food Services
Consulting
Automotive
Education
Relevant Teams
Legal
Commercial Banking
Credit Risk
Compliance
Business Development
Financial Control
Operations
Treasury
Underwriting
Account Management
Relevant Roles
Small Business Owner
Commercial Loan Officer
Credit Manager
Business Development Manager
Financial Controller
Chief Financial Officer
Risk Manager
Compliance Officer
Legal Counsel
Account Manager
Branch Manager
Underwriter
Business Banking Specialist
Financial Advisor
Treasury Manager
Find the exact document you need
Loan Agreement With Co Maker
A Canadian-law governed loan agreement establishing terms between a lender, borrower, and co-maker, with shared repayment responsibility.
Download
Family Loan Contract
A Canadian legal agreement formalizing monetary loans between family members, establishing terms, conditions, and repayment obligations while complying with federal and provincial laws.
Download
Take Over Car Loan Payments Contract
A Canadian legal agreement facilitating the transfer of car loan payment obligations from an original borrower to a new borrower, outlining terms and protecting all parties' interests.
Download
Repayment Of Debt Agreement
A Canadian-law governed agreement establishing formal terms for debt repayment, including payment schedule, interest rates, and default provisions.
Download
Private Lending Agreement
A Canadian-law governed agreement establishing terms and conditions for a private loan between parties, including loan amount, interest, repayment terms, and security arrangements.
Download
Pre Contract Agreement Car (Finance)
A Canadian jurisdiction preliminary agreement outlining terms and conditions for potential vehicle financing, serving as a precursor to the final finance contract.
Download
Cellphone Loan Agreement
A Canadian-law governed agreement establishing terms and conditions for mobile device loans, including usage rights, responsibilities, and return requirements.
Download
Car Payment Agreement Form
A Canadian legal document establishing terms and conditions for vehicle payment arrangements, including purchase details, payment schedules, and party obligations.
Download
Agreement Between Co Signer And Borrower
A Canadian legal agreement defining the relationship and obligations between a co-signer and borrower for a loan guarantee, governed by federal and provincial laws.
Download
Friendship Loan Agreement
A Canadian legal document formalizing a loan agreement between friends, establishing clear terms while complying with federal and provincial lending laws.
Download
Syndicated Facility Agreement
Canadian law-governed agreement establishing terms for a syndicated loan facility provided by multiple lenders to a borrower, including loan terms, parties' rights, and obligations.
Download
Private Loan Agreement For (Real Estate)
A Canadian-law governed agreement establishing terms and conditions for a private loan secured by real estate property, including loan terms, security arrangements, and party obligations.
Download
Peer To Peer Lending Agreement
A Canadian-law governed agreement establishing terms and conditions for direct lending between private individuals, including loan terms, interest rates, and mutual obligations.
Download
Revolving Credit Contract
A Canadian law-governed agreement establishing a revolving credit facility that allows for multiple draw-downs and repayments up to a specified credit limit.
Download
Family Member Promissory Note
A Canadian legal document formalizing loan agreements between family members, establishing terms, conditions, and repayment obligations in compliance with federal and provincial regulations.
Download
Vendor Finance Loan Agreement
Canadian-law governed agreement establishing terms for vendor-provided financing for goods or equipment purchase, including loan terms, security, and enforcement provisions.
Download
Fixed Sum Loan Agreement Early Settlement
Canadian-law governed fixed-sum loan agreement with early settlement provisions, compliant with federal and provincial lending regulations.
Download
Employee Loan Agreement Interest
A Canadian-law governed agreement establishing terms for an employer-provided loan to an employee, including interest rates, repayment terms, and compliance with relevant regulations.
Download
Acknowledgement Of Debt Agreement
A Canadian legal document formally acknowledging a debt obligation and establishing repayment terms, governed by federal and provincial laws.
Download
Construction Loan Contract
A legal agreement governing construction project financing in Canada, outlining loan terms, construction requirements, and compliance with federal and provincial regulations.
Download
Demand Loan
A Canadian jurisdiction agreement establishing terms for a loan that can be called for repayment at any time by the lender, including amount, interest, and parties' obligations.
Download
Home Equity Loan Agreement
A Canadian-law governed agreement establishing terms for borrowing against home equity, detailing loan conditions, security arrangements, and compliance with federal and provincial regulations.
Download
Inter Lender Agreement
A Canadian-law governed agreement establishing priorities and relationships between multiple lenders providing financing to the same borrower.
Download
Overagreement
Canadian master agreement establishing framework terms for ongoing business relationships and subsequent agreements.
Download
Facility Letter Mortgage
A Canadian legal document combining credit facility terms with mortgage security requirements, setting out the conditions for property-secured lending under Canadian federal and provincial regulations.
Download
Credit Terms Agreement
A Canadian-law governed agreement establishing credit terms between parties, including credit limits, interest rates, and payment conditions in compliance with federal and provincial regulations.
Download
Assignment Of Loan Agreement
A Canadian legal document transferring loan rights and obligations from one lender to another, compliant with federal and provincial regulations.
Download
Agreement Between Two Persons For Money
A Canadian-law governed agreement documenting a monetary loan between two individuals, establishing loan terms, repayment conditions, and legal obligations.
Download
Subordinated Loan Agreement
A Canadian-law governed agreement establishing terms for a subordinated loan and its ranking below senior debt obligations.
Download
Work Loan Agreement
A Canadian legal agreement establishing terms for an employer-provided loan to an employee, including repayment terms and employment relationship considerations.
Download
Peer To Peer Lending Contract
A Canadian-law governed agreement establishing terms and conditions for direct lending between private individuals, including loan terms, obligations, and regulatory compliance requirements.
Download
Letter To Borrow Money From Friend
A Canadian-compliant formal letter documenting a personal loan agreement between friends, establishing loan terms while maintaining legal validity under Canadian law.
Download
Student Loan Agreement
A Canadian-law governed agreement establishing terms and conditions for student financial assistance, compliant with federal and provincial student loan regulations.
Download
Simple Loan Application Form
A Canadian-compliant loan application form for collecting borrower information and required disclosures under federal and provincial lending regulations.
Download
Private Lending Term Sheet
A Canadian-compliant document outlining key terms and conditions for a private lending arrangement, serving as the foundation for a final loan agreement.
Download
Personal Loan Receipt
A Canadian-compliant document acknowledging receipt of a personal loan, specifying loan amount, terms, and parties' obligations.
Download
Payday Loan Contract
Canadian payday loan agreement template compliant with federal and provincial regulations, governing short-term consumer loans with mandatory disclosures and protections.
Download
Loan Note
A Canadian-law governed financial instrument documenting loan terms, repayment obligations, and security arrangements between lender and borrower.
Download
Investment Loan Contract
A Canadian-law governed agreement establishing terms for an investment-purposed loan, including loan terms, investment parameters, and regulatory compliance requirements.
Download
Facility Agreement
A Canadian law-governed agreement establishing terms for providing credit facilities, including loan terms, security arrangements, and compliance with Canadian banking regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)