Canadian lenders, secure repayment of a loan from a borrower with these Loan Transaction Forms for Canada. Fully editable and easy to customize to meet your needs.

Q. Why do I need to document a loan to a family member or close friend?

A. In order to be classified as a secured creditor you must document the loan and get some collateral from the borrower, such as a mortgage on their home or an encumbrance on a vehicle or other asset. Secured debts are not automatically wiped out if the borrower declares bankruptcy. Secured debts take priority over unsecured debts, and you will have the legal right to foreclose or repossess and sell the items given as collateral if the borrower fails to honour its payment obligations.

Q. What rate of interest can I charge?

A. If there is no provincial law in your area which governs how interest will be charged on a loan or mortgage, the Canada Interest Act applies. If you have not stated whether the interest rate is simple or compound interest, a court would probably rule that only simple interest will be charged.

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British Columbia Purchase Money Security Agreement

When you sell inventory on credit to a distributor, make sure you protect your security interest in those goods until you're paid in full under this Purchase Money Security Agreement for BC.

  • The contract attaches a purchase money security interest (PMSI) to the goods being sold, which then become collateral under the Agreement.
  • The supplier (secured party) extends credit to the customer (debtor) for the purchase of the inventory, and the debtor agrees to pay the purch.....

Canada Accounts Receivable Security Agreement

Document your security interest in a borrower's property with this Accounts Receivable Security Agreement template for Canadian lenders.

  • The Agreement is part of the documentation that the borrower must provide to the lender, to secure a loan or line of credit.
  • The Agreement grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts receivable and book debts.
  • The form can be us.....

Canada Assignment of Rents

Canadian lenders, secure the repayment of a mortgage loan by having the borrower execute this Assignment of Rents Agreement.

  • The borrower assigns to the lender all rent revenues from tenants in the property being mortgaged.
  • The assignment is given as security for repayment of the mortgage and performance of the borrower's obligations to the lender.
  • The rentals continue to be paid to the borrower / assignor until such time as the lender / assignee gives a dem.....

Canada Business Loan Application

Use this customizable Business Loan Application for clients that are applying for loan funding for an existing or start-up business in Canada.The applicant must provide information about:

  • the corporate structure and history of the business;
  • the guarantors of the loan;
  • the purpose of the loan and terms of repayment;
  • what is being used as collateral;
  • the financial status of borrower, assets, income, debts and liabilities, including copies o.....

Canada Demand for Satisfaction from Proceeds of Sale

Recoup money owed to you by a debtor from a sale of assets by serving this Canada Demand for Satisfaction from Proceeds of Sale on the party selling the collateral.

  • The demand is given by a secured party to another secured party who is undertaking a sale of a debtor's assets.
  • The party making the demand has no security interest in the items being sold, but is owed money under a loan agreement, mortgage, etc. by the debtor whose assets are being sold.
  • This le.....

Canada General Assignment of Rents and Leases

Canadian lenders, obtain an assignment of a borrower's rental and lease income with this downloadable template.

  • The borrower assigns to the lender the amount of all rents due from tenants in a property owned by the borrower.
  • The assignment is given as security for a mortgage loan or other monies being advanced to the borrower by the lender.
  • The tenants will continue to pay the rent to the borrower unless and until the lender gives a written demand for it. Th.....

Canada General Security Agreement

Secure a loan or line of credit with this General Security Agreement for Canadian lenders.

  • The borrower grants the lender a security interest in all of the borrower's personal property (inventory, equipment, accounts and book debts), and all income and proceeds from that personal property.
  • The General Security Agreement secures payment and performance of all of the borrower's present and future indebtedness to the lender, including the lender's costs of enforcing the .....

Canada Inventory Security Agreement

Extend credit to your customers and secure payment of your accounts with this customizable Inventory Security Agreement for Canadian suppliers.

  • The Agreement covers the customer's purchase of inventory, parts and accessories from the supplier.
  • The supplier is given a security interest over all of the customer's present and future inventory, accounts, assets and property.
  • Title to all inventory supplied remains with the supplier until the customer has paid .....

Canada Loan and Charging Agreement

Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.

  • The template includes both the Loan Agreement and a promissory note for the principal amount of the loan plus interest.
  • The borrower agrees to register an encumbrance against title to real estate owned by the borrower, as collateral security for the loan.
  • If the borrower defaults in repaying the loan, title to the property will be transferred to t.....

Canada Loan Security Forms Package

Are you loaning money or extending credit facilities to a customer or other party? Document your security interest as a creditor and make sure you get repaid with this Canada Loan Security Forms Package.

The package contains the following forms:
  1. General Security Agreement,
  2. Unconditional Guarantee and Postponement of Claim,
  3. Promissory Note to be executed by the borrower.

Don't run the risk of having a customer fail to honour its payment obli.....