[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-175724-105":53,"doc-detail-175724-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","commercial-loan-agreement","COMMERCIAL LOAN AGREEMENT","","Commercial loan agreement template for a lender and borrower, defining the loan facility, principal amount, sole permitted purpose, interest rate, default interest, and an origination fee. It specifies repayment options via a maturity date, establishes a first-priority security interest in defined collateral, and requires filings such as UCC-1 to perfect the interest. The agreement includes borrower representations, ongoing covenants, event-of-default triggers, lender remedies, and standard miscellaneous terms including governing law, severability, and written amendments.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/commercial-loan-agreement/175724/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/commercial-loan-agreement/175724.png","ImageObject",442,249,{"name":88,"@type":89},"Evangeline","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-22","2026-09-02",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",13,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What does the agreement specify about the loan facility and intended use of funds?","Question",{"text":109,"@type":110},"The lender lends the principal amount to the borrower, and the loan proceeds may be used solely for the specified purpose such as working capital, equipment purchase, or debt refinancing.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How are interest, default interest, and origination fees handled?",{"text":114,"@type":110},"Interest accrues on the unpaid principal at the stated annual percentage. After an event of default, the interest rate increases by the agreed amount until cured, and the borrower pays a non-refundable origination fee upon execution.",{"name":116,"@type":107,"acceptedAnswer":117},"What happens when an event of default occurs?",{"text":118,"@type":110},"The lender may accelerate the balance, foreclose or seize and sell the collateral, and recover collection costs including reasonable attorneys’ fees.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},175724,1788321597,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":126,"read_time":9},13056703019662,"https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188","COMMERCIAL LOAN AGREEMENT\nTHIS LOAN AGREEMENT (the \"Agreement\") is entered into this [Date], by and between:\n[Lender Name/Company], a [State] [Entity Type], located at [Address] (\"Lender\"), and\n[Borrower Name/Company], a [State] [Entity Type], located at [Address] (\"Borrower\").\n1. Loan Facility\nPrincipal Amount: Lender agrees to lend to Borrower the principal sum of $[Amount] (the \"Loan\").\nPurpose: The proceeds of the Loan shall be used solely for [Specific Purpose, e.g., working capital, equipment purchase, or debt refinancing].\n2. Interest and Fees\nInterest Rate: The unpaid principal balance shall accrue interest at a rate of [Percentage]% per annum.\nDefault Interest: Upon the occurrence of an Event of Default, the interest rate shall increase by [Percentage, e.g., 5]% per annum until the default is cured.\nOrigination Fee: Borrower shall pay a non-refundable fee of $[Amount] upon execution.\n3. Repayment Terms\nBorrower shall repay the Loan in accordance with the following (Select one):\nMaturity Date: All outstanding principal and interest shall be paid no later than [Date].\n4. Security and Collateral\nNote: This section converts the loan from \"unsecured\" to \"secured.\"\nTo secure the repayment of the Loan, Borrower hereby grants Lender a first-priority security interest in the following assets (\"Collateral\"):\n[Description of Collateral, e.g., \"All inventory and accounts receivable\" or \"Real property located at...\"].\nBorrower agrees to execute any UCC-1 financing statements required to perfect this security interest.\n5. Representations and Warranties\nBorrower represents and warrants that:\nAuthority: Borrower is duly organized and has the legal power to enter this Agreement.\nNo Conflict: This Loan does not violate any other contracts or laws applicable to the Borrower.\nFinancial Condition: All financial statements provided to the Lender are accurate and reflect the Borrower’s true financial state.\n6. Covenants\nUntil the Loan is paid in full, Borrower shall:\nMaintain Records: Provide quarterly financial statements to the Lender.\nInsurance: Maintain adequate insurance on any Collateral and name Lender as a loss payee.\nNo Further Debt: Not incur additional debt exceeding $[Amount] without Lender’s prior written consent.\n7. Events of Default\nThe following constitute an \"Event of Default\":\nFailure to make any payment within [Number] days of the due date.\nBreach of any representation, warranty, or covenant in this Agreement.\nThe filing of bankruptcy or insolvency proceedings by or against the Borrower.\n8. Remedies\nUpon an Event of Default, Lender may:\nAccelerate: Declare the entire unpaid balance immediately due and payable.\nForeclose: Seize and sell the Collateral to satisfy the debt.\nLegal Costs: Recover all costs of collection, including reasonable attorney’s fees.\n9. Miscellaneous\nGoverning Law: This Agreement is governed by the laws of [State/Country].\nSeverability: If any part of this Agreement is held invalid, the remainder remains in effect.\nAmendments: Must be made in writing and signed by both parties.\nSignatures\nLENDER: __________________________\nBy: [Name] Title: [Title]\nBORROWER: __________________________\nBy: [Name] Title: [Title]","cbCaiiWAXeUOQz6v","https://ap.wps.com/l/cbCaiiWAXeUOQz6v","docx",32509,"English","# Loan Facility\n# Interest and Fees\n# Repayment Terms\n# Security and Collateral\n# Representations and Warranties\n# Covenants\n# Events of Default\n# Remedies\n# Miscellaneous","[{\"question\":\"What does the agreement specify about the loan facility and intended use of funds?\",\"answer\":\"The lender lends the principal amount to the borrower, and the loan proceeds may be used solely for the specified purpose such as working capital, equipment purchase, or debt refinancing.\"},{\"question\":\"How are interest, default interest, and origination fees handled?\",\"answer\":\"Interest accrues on the unpaid principal at the stated annual percentage. After an event of default, the interest rate increases by the agreed amount until cured, and the borrower pays a non-refundable origination fee upon execution.\"},{\"question\":\"What happens when an event of default occurs?\",\"answer\":\"The lender may accelerate the balance, foreclose or seize and sell the collateral, and recover collection costs including reasonable attorneys’ fees.\"}]","COMMERCIAL LOAN AGREEMENT | DOCX"]