Business Loan Agreement Sample Contracts

Business Loan Agreement

A business loan agreement details the terms of a loan between a business entity and another party.  The business can be any type of business from a sole proprietorship to a corporation.  The agreement will include detailed terms including the amount of the loan, the interest rate, and payment schedule.  The agreement will also detail the remedy in the event of default.

One Stop Systems Inc – Business Loan Agreement (January 16th, 2018)

THIS BUSINESS LOAN AGREEMENT dated May 6, 2015, is made and executed between ONE STOP SYSTEMS, INC. (Borrower) and BANK OF THE WEST (Lender) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Golf Rounds.Com Inc – AMENDED AND RESTATED BUSINESS LOAN AGREEMENT Dated as of December 31, 2017 Among (January 11th, 2018)
Torotel – BUSINESS LOAN AGREEMENT (ASSET BASED) Borrower: TOROTEL PRODUCTS, INC. 520 N Rogers Road Olathe, KS 660621276 Lender: Commerce Bank, N.A. Lenexa Banking Center 8700 Monrovia, Ste 206 Lenexa, KS 66215 Principal Amount: $850,000.00 Date of Loan: August 15, 2017 (December 13th, 2017)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated August 15, 2017, is made and executed between TOROTEL PRODUCTS, INC. ("Borrower") and Commerce Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Torotel – BUSINESS LOAN AGREEMENT (ASSET BASED) Borrower: TOROTEL PRODUCTS, INC. 520 N Rogers Road Olathe, KS 66062 Lender: Commerce Bank, N.A. Lenexa Banking Center 8700 Monrovia, Ste 206 Lenexa, KS 66215 Guarantor: TOROTEL, INC. 520 N. Rogers Road Olathe, KS 66062 (December 13th, 2017)

CONTINUING GUARANTEE OF PAYMENT AND PERFORMANCE. For good and valuable consideration Guarantor absolutely and uncondionally guarantees full and punctual payment and satisfaction of the Indebtedness of Borrower to Lender and the performance and discharge of all Borrower's obligations under the Note and the Related Documents. This 1s a guaranty of payment and performance and not of collection so Lender can enforce this Guaranty against Guarantor even when Lender has not exhausted Lender's remidies against anyone else obligated to pay the Indebtedness or against any collateral securing the Indebtedness this Guaranty or any other guaranty or the Indebtedness Guarantor will make any payments to Lender or its order, on demand, in legal lender of the United States of America, in same-day funds, without set-off or deduction or counterclaim, and will otherwise perform Borrower's obligations under the Note and Related Documents. Under this Guaranty Guarantor's liability is unlimited and Guara

Rider to Business Loan Agreement (Asset Based) and Related Documents (December 12th, 2017)

This Rider to Business Loan Agreement (Asset Based) ("Rider") is attached to and made a part of that certain Change in Terms Agreement dated December 18, 2017 (the "Change in Terms Agreement"), referring to that certain original Promissory Note # 15695 dated December 18, 2013 and related to that certain Business Loan Agreement (Asset Based) dated December 18, 2016 (as amended to date, the "Business Loan Agreement"), in each case between Electromed, Inc. ("Borrower") and Venture Bank ("Lender"). In the event of any inconsistency between this Rider, the Change in Terms Agreement, the Business Loan Agreement or any of the Related Documents as defined in the Business Loan Agreement (including any Change of Terms Agreement executed concurrently herewith), the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any o

Ocean Bio-Chem, Inc. – Business Loan Agreement (Asset Based) (November 14th, 2017)

References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item about containing "***" has been omitted due to text length limitations.

Ascendant Solutions – Business Loan Agreement (Asset Based) (August 14th, 2017)
Polar Power, Inc. – Business Loan Agreement (May 15th, 2017)

THIS BUSINESS LOAN AGREEMENT dated March 21, 2017, is made and executed between Polar Power, Inc. ("Borrower") and Citibank, N.A. ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Air T, Inc. – Business Loan Agreement (May 10th, 2017)

THIS BUSINESS LOAN AGREEMENT dated May 5, 2017, is made and executed between CONTRAIL AVIATION SUPPORT, LLC (Borrower) and OLD NATIONAL BANK (Lender) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Business Loan Agreement (April 21st, 2017)

THIS BUSINESS LOAN AGREEMENT dated March 28, 2017, is made and executed between PRO-DEX, INC. ("Borrower") and Farmers and Merchants Bank of Long Beach, a CA Corp ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

BUSINESS LOAN AGREEMENT Principal Loan Date 03-15-2017 Maturity Loan No MASTER Call / Coll Account Officer NFR12 Initials References in the Boxes Above Are for Lender's Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing "***" Has Been Omitted Due to Text Length Limitations. (March 30th, 2017)

THIS BUSINESS LOAN AGREEMENT dated March 15, 2017, is made and executed between UQM PROPERTIES, INC. ("Borrower") and BANK OF THE WEST ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

NEF Enterprises, Inc. – Kabbage Business Loan Agreement (January 27th, 2017)

This Business Loan Agreement ("Agreement") is made by and between Celtic Bank ("we," "us," "our" or "Bank") and merchant ("you" or "Merchant"), along with the principal shareholder, partner, member or other owner of Merchant who submitted the Application on behalf of Merchant ("Owner"), as of the date specified above.

NEF Enterprises, Inc. – Kabbage Business Loan Agreement (January 23rd, 2017)

This Business Loan Agreement ("Agreement") is made by and between Celtic Bank ("we," "us," "our" or "Bank") and merchant ("you" or "Merchant"), along with the principal shareholder, partner, member or other owner of Merchant who submitted the Application on behalf of Merchant ("Owner"), as of the date specified above.

Business Loan Agreement (January 13th, 2017)

THIS BUSINESS LOAN AGREEMENT dated January 10, 2017, is made and executed between Collectors Universe, Inc. ("Borrower") and ZB, N.A. dba California Bank & Trust ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Rider to Business Loan Agreement and Related Documents (December 16th, 2016)

This Rider to Business Loan Agreement ("Rider") is attached to and made a part of that certain Business Loan Agreement dated December 18, 2016 ("Business Loan Agreement") between Electromed, Inc. ("Borrower") and Venture Bank ("Lender"). In the event of any inconsistency between this Rider and the Business Loan Agreement or any of the Related Documents, as defined therein, the terms of this Rider shall control. Terms used herein and not otherwise defined shall have the meanings given such terms in the Business Loan Agreement. Accordingly, notwithstanding any provisions of the Business Loan Agreement or any of the Related Documents:

Business Loan Agreement (December 16th, 2016)
Amphastar Pharmaceuticals, Inc. – Business Loan Agreement (November 9th, 2016)

THIS BUSINESS LOAN AGREEMENT dated September 8, 2016, is made and executed between Amphastar Pharmaceuticals, Inc. ("Borrower") and East West Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Poage Bankshares Inc. – Business Loan Agreement (August 10th, 2016)

BORROWER INFORMATION POAGE BANKSHARES, INC. Type of Business Entity: Corporation 1500 CARTER AVENUE State of Organization/Formation: Kentucky ASHLAND, KY 41101

Sports Field Holdings, Inc. – Business Loan Agreement (July 22nd, 2016)

THIS BUSINESS LOAN AGREEMENT dated July 14, 2016, is made and executed between FIRSTFORM, INC., a Florida corporation, and SPORTS FIELD HOLDINGS, INC., a Nevada corporation (collectively, the "Borrowers"), and GENLINK CAPITAL, LLC, a Delaware limited liability company (the "Lender") on the following terms and conditions.

Farmland Partners Inc. – Third Amendment to Amended and Restated Business Loan Agreement (May 10th, 2016)

This THIRD AMENDMENT TO AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (this "Amendment") is made as of March 6, 2016, by and between FARMLAND PARTNERS OPERATING PARTNERSHIP, LP, a Delaware limited partnership (the "Borrower") and FIRST MIDWEST BANK, an Illinois banking corporation ("Lender").

Amendment No. 8 to Business Loan Agreement (February 1st, 2016)

This AMENDMENT NO. 8 TO BUSINESS LOAN AGREEMENT, dated as of January 28, 2016 (this "Amendment"), is between Bank of America, N.A. (the "Bank") and Calavo Growers, Inc., a California corporation (the "Borrower").

Amendment No. 7 to Business Loan Agreement (January 25th, 2016)

This AMENDMENT NO. 7 TO BUSINESS LOAN AGREEMENT, dated as of January 19, 2016 (this "Amendment"), is between Bank of America, N.A. (the "Bank") and Calavo Growers, Inc., a California corporation (the "Borrower").

Shimmick Construction Company, Inc. – BUSINESS LOAN AGREEMENT Call / Coll 1763 / UC 92,93,94 and EQ 43 (December 3rd, 2015)

THIS BUSINESS LOAN AGREEMENT dated May 12, 2015, is made and executed between Shimmick Construction Company, Inc. ("Borrower") and Umpqua Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement. TERM. This Agreement shall be effective as of May 12, 2015, and shall continue in full force and e

Business Loan Agreement (November 13th, 2015)
IMH Financial Corp – Business Loan Agreement (November 12th, 2015)

THIS BUSINESS LOAN AGREEMENT dated October 7, 2015, is made and executed between CA-Daley, LLC ("Borrower") and Banc of California, National Association ("Lender") en the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Business Loan Agreement (Asset Based) (November 10th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated December 18, 2015, is made and executed between Electromed, Inc. (Borrower) and Venture Bank (Lender) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

OFS Capital Corp – BUSINESS LOAN AGREEMENT Principal Loan Date Maturity Account Port #618529 Officer References in the Boxes Above Are for Lender's Use Only and Do Not Limit the Applicability of This Document to Any Particular Loan or Item. Any Item Above Containing "***" Has Been Omitted Due to Text Length Limitations. (November 6th, 2015)
Business Loan Agreement (Asset Based) (September 24th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated September 18, 2015, is made and executed between Tandy Leather Factory, Inc. ("Borrower") and BOKF, NA dba Bank of Texas ( "Lender") on the following terms and conditions . Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (Al in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (8) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (Cl all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Premier Financial Bancorp, Inc. – BUSINESS LOAN AGREEMENT Principal Loan Date Maturity Loan No Call / Coll Account Officer Initials 9A / 54 (August 27th, 2015)
Ourpets – Business Loan Agreement (Asset Based) (August 27th, 2015)
Lm Funding America, Inc. – Business Loan Agreement (Asset Based) (August 7th, 2015)

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated June 25, 2015, is made and executed between LMF OCTOBER 2010 FUND, LLC (Borrower) and IBERIABANK (Lender) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrowers representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lenders sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Ourpets – Business Loan Agreement (Asset Based) (May 29th, 2015)
Business Loan Agreement (April 15th, 2015)

THIS BUSINESS LOAN AGREEMENT dated April 9, 2015, is made and executed between MEIER PROPERTIES, SERIES LLC ("Borrower") and American Bank of the North ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

Greenwood Hall – Amendment Number Ten to Business Loan Agreement (April 15th, 2015)

THIS AMENDMENT NUMBER TEN TO BUSINESS LOAN AGREEMENT (this "Amendment"), dated as of April 13, 2015, is entered into between PCS Link, Inc, a California corporation, dba Greenwood & Hall ("Borrower"), and California United Bank, a California banking corporation, ("Lender"), with regard to the following facts:

IVAX Diagnostics, Inc. – Business Loan Agreement (March 30th, 2015)

THIS BUSINESS LOAN AGREEMENT dated March 25, 2015, is made and executed between Erba Diagnostics, Inc. ("Borrower") and Citibank, N.A. ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.