The Business Loan Contract serves as a fundamental legal instrument in Canadian commercial lending, establishing the terms and conditions under which a financial institution provides financing to a business entity. This document is essential when businesses require capital for expansion, working capital, asset acquisition, or other commercial purposes. The agreement must comply with Canadian federal banking regulations, provincial contract laws, and specific legislation governing interest rates and security interests. It typically includes detailed provisions for loan amount, interest calculations, repayment terms, security arrangements, borrower covenants, and default remedies. The contract's structure reflects Canadian commercial lending practices while providing flexibility to accommodate various business needs and security arrangements.
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 with full legal names and addresses
2. Background: Context of the loan agreement, including the purpose of the loan and any relevant business relationship context
3. Definitions: Defined terms used throughout the agreement, including financial terms and technical references
4. Loan Amount and Purpose: Specification of the principal amount and approved use of funds
5. Interest Rate and Calculations: Details of interest rate, calculation method, and payment frequency
6. Repayment Terms: Schedule of payments, including principal and interest payment dates
7. Security and Collateral: Description of assets or guarantees securing the loan
8. Conditions Precedent: Conditions that must be met before the loan is advanced
9. Representations and Warranties: Statements of fact by the borrower about their business and financial condition
10. Covenants: Ongoing obligations of the borrower during the loan term
11. Events of Default: Circumstances that constitute default and trigger remedies
12. Remedies: Lender's rights and remedies upon default
13. General Provisions: Standard contract clauses including notices, amendments, and governing law
1. Guarantees: Required when there are personal or corporate guarantors for the loan
2. Insurance Requirements: Detailed when specific insurance coverage is required for secured assets
3. Subordination Provisions: Needed when there are multiple lenders and priority needs to be established
4. Prepayment Terms: Include when early repayment is allowed with specific conditions or penalties
5. Interest Rate Step-Up/Step-Down: Used when interest rates vary based on performance or time metrics
6. Credit Facility Increase Options: When there's possibility to increase the loan amount under specified conditions
7. Cross-Default Provisions: Required when the loan is part of multiple credit facilities
8. Environmental Indemnity: Necessary when loan is secured by real property or business assets with environmental risks
1. Schedule A - Repayment Schedule: Detailed amortization schedule showing all payment dates and amounts
2. Schedule B - Security Details: Comprehensive list and description of all collateral and security
3. Schedule C - Financial Covenants: Specific financial ratios and requirements the borrower must maintain
4. Schedule D - Permitted Liens: List of pre-existing or permitted encumbrances on security
5. Schedule E - Borrowing Base Calculation: Formula and methodology for calculating available credit if revolving facility
6. Appendix 1 - Compliance Certificate: Template for periodic financial compliance reporting
7. Appendix 2 - Draw Request Form: Standard form for requesting loan advances
8. Appendix 3 - Corporate Resolution: Template for borrower's corporate approval of the loan
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Commercial Real Estate
Manufacturing
Retail
Technology
Healthcare
Construction
Agriculture
Transportation and Logistics
Professional Services
Hospitality
Energy and Resources
Media and Entertainment
Relevant Teams
Legal
Finance
Credit Risk
Compliance
Treasury
Commercial Banking
Corporate Banking
Risk Management
Business Development
Operations
Relevant Roles
Chief Financial Officer
Finance Director
Commercial Lending Officer
Credit Risk Manager
Corporate Lawyer
Legal Counsel
Business Development Manager
Account Manager
Treasury Manager
Financial Controller
Compliance Officer
Risk Assessment Officer
Corporate Secretary
Banking Relationship Manager
Senior Loan Officer
Find the exact document you need
Commercial Loan Contract
Canadian-law governed agreement establishing terms and conditions for a commercial loan between a financial institution and business entity.
find out more
Soft Loan Agreement
A Canadian-law governed agreement for establishing terms of a loan with flexible or favorable conditions, typically featuring below-market rates or lenient repayment terms.
find out more
Cash Loan Simple Loan Agreement
A Canadian-compliant agreement documenting the terms and conditions of a straightforward cash loan between a lender and borrower, including principal, interest, and repayment terms.
find out more
Interest Loan Agreement
Canadian-law governed agreement establishing terms for an interest-bearing loan, including principal, interest calculations, and repayment conditions.
find out more
Intercreditor Deed
A Canadian law agreement establishing priorities and relationships between multiple creditors in a secured financing structure, governing payment rights, security interests, and enforcement procedures.
find out more
Co Financing Agreement
A Canadian-law governed agreement establishing terms for multiple lenders to jointly provide financing to a borrower, including inter-creditor arrangements and regulatory compliance requirements.
find out more
Simple Business Loan Agreement
A Canadian-law governed agreement establishing terms and conditions for a business loan, including amount, interest, repayment schedule, and security arrangements.
find out more
Royalty Financing Agreement
Canadian-law governed agreement establishing terms for funding in exchange for ongoing royalty payments, typically based on company revenue or profits.
find out more
Overfacility Agreement
A Canadian-law governed agreement establishing terms for additional credit facilities beyond existing lending arrangements, compliant with federal and provincial banking regulations.
find out more
Seller Financing Business Contract
A Canadian law-governed contract for business sale with seller-provided financing, incorporating security interests and payment terms under federal and provincial legislation.
find out more
Mortgage Loan Assumption Agreement
A Canadian legal document that enables the transfer of mortgage obligations from an existing borrower to a new party, subject to lender approval and compliance with federal and provincial regulations.
find out more
Co Borrower Loan Agreement
A Canadian legal agreement establishing terms and conditions for multiple borrowers to jointly obtain and repay a loan, with joint and several liability provisions.
find out more
Car Installment Contract
A Canadian-law governed agreement for the purchase of a vehicle through structured installment payments, establishing financing terms and security interests between buyer and seller/lender.
find out more
Vehicle Payment Plan Agreement
A Canadian-compliant financing agreement that establishes terms and conditions for vehicle purchase payments, including security interests and consumer protections under federal and provincial law.
find out more
Undertaking Loan Agreement
Canadian-law governed loan agreement with undertaking provisions, establishing terms for lending, borrower obligations, and compliance requirements.
find out more
Trade Finance Facility Agreement
Canadian-law governed agreement establishing terms for trade finance facilities between lenders and borrowers, including security arrangements and regulatory compliance requirements.
find out more
Trade Finance Agreement
Canadian-law governed agreement establishing trade finance facilities between a financial institution and commercial entity, including terms for various trade finance products and compliance requirements.
find out more
Simple Equipment Lease
A Canadian law-governed agreement establishing terms and conditions for equipment leasing between a lessor and lessee, including payment, maintenance, and liability provisions.
find out more
Simple Owner Finance Contract
A Canadian legal agreement where the property seller directly finances the buyer's purchase, combining property sale and financing terms under Canadian federal and provincial laws.
find out more
Separation Financial Agreement
A legally binding Canadian agreement detailing the complete financial arrangements between separating spouses, including asset division and ongoing obligations.
find out more
Real Estate Loan Agreement
A Canadian-law governed agreement establishing terms for real estate-secured financing, including loan conditions, security arrangements, and party obligations.
find out more
Personal Mortgage Loan Agreement
Canadian-law governed agreement between a financial institution and borrower establishing terms and security for a personal mortgage loan.
find out more
Official Loan Agreement
A legally binding loan agreement compliant with Canadian federal and provincial laws, establishing terms and conditions for formal lending arrangements.
find out more
Master Loan Agreement
A Canadian-law governed agreement establishing the framework for multiple potential loans between a lender and borrower, setting out core terms and conditions for lending facilities.
find out more
Margin Loan Agreement
A Canadian-law governed agreement establishing terms for margin lending facilities, including collateral requirements, maintenance obligations, and regulatory compliance measures.
find out more
Loan Swap Agreement
A Canadian law-governed agreement establishing terms for loan-related swap transactions between parties, including payment obligations and regulatory compliance requirements.
find out more
Loan Note Agreement
A Canadian-law governed agreement establishing loan terms between lender and borrower, including amount, interest, repayment schedule, and security arrangements.
find out more
Loan Agreement Between Spouses
A Canadian legal agreement documenting a loan between spouses, setting out loan terms and conditions while complying with federal and provincial family law and tax requirements.
find out more
Financing Contract Agreement
A Canadian-law governed agreement establishing the terms and conditions of a financing arrangement, including loan details, security provisions, and party obligations.
find out more
Financial Agreement Between Two Parties
Canadian-law financial agreement template establishing terms and conditions for financial arrangements between two parties, incorporating federal and provincial compliance requirements.
find out more
Equipment Lease Purchase Option
A Canadian-law governed agreement establishing terms for equipment lease with a purchase option, including payment terms, maintenance requirements, and purchase option conditions.
find out more
Equipment Lease Purchase Agreement
A Canadian-law governed agreement combining equipment lease terms with a purchase option, establishing rights and obligations for both lessor and lessee.
find out more
Car Loan Agreement Between Individuals
A Canadian-law governed agreement establishing terms and security for a private car loan between individuals, including loan details and vehicle security provisions.
find out more
Business Loan Contract
A Canadian-law governed agreement establishing terms and conditions for a business loan between a lender and business borrower.
find out more
Auto Finance Contract
A Canadian-compliant contract governing vehicle financing terms between a lender and borrower, subject to federal and provincial banking and consumer protection laws.
find out more
Partnership Deed For Finance Business
A Canadian-law governed partnership agreement for establishing and operating a financial services business, incorporating relevant regulatory requirements and operational frameworks.
find out more
Owner Financing Business Contract
A Canadian legal agreement for business sales with owner financing, establishing sale terms, financing conditions, and security arrangements under federal and provincial law.
find out more
Rehabilitation Loan Agreement
A Canadian legal agreement governing the terms of a loan provided for property rehabilitation, including financing terms, construction requirements, and regulatory compliance.
find out more
Bill Of Sale Finance Agreement
A Canadian law-governed agreement combining asset sale terms with financing arrangements, securing the finance provider's interest until full payment is received.
find out more
Mortgage Loan Purchase And Sale Agreement
A Canadian-law governed agreement for the purchase and sale of mortgage loans between financial institutions, establishing terms for loan transfer and related obligations.
find out more
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)