Written by Super User on 30 September 2021.
Today we are going to discuss one of our Loan Agreements, in particular, our Person to Person Loan Agreements.
Now our Person-to-Person Loan Agreement is exactly that, it's a loan agreement between individuals where one individual provides a loan to another individual.
These Loan Agreements are generally simple loan agreements between family members in Australia or for that matter anywhere in the world. It doesn't really require a security interest to be registered on the PPSR or Personal Property Securities Register because quite often it is for a smaller amount and is quite often a simple loan agreement between friends or a loan agreement between family members. If the required loan is for a larger amount, then it is generally going to be more of an investment loan or financing agreement which would be better suited to one of our other Loan Agreements.
This particular Loan Agreement is just a Person-to-Person Loan Agreement or a simple loan agreement between family members or friends where you want to have something in place just to formalise the loan agreement and possibly, build in a direct debit facility for loan repayments, and possibly build in some consequences in case there is a default in the Loan Agreement.
With over 35 years’ experience Collection Consultancy Australia prides itself in offering Products and Services designed to Protect Business Assets and Cashflow. Quite often the process can start from simply making business owners aware that there is option available, through to business specific solutions and education. We are here to let business owners know that there can be a better way to secure their financial future.
PO Box 7160,East Brisbane QLD 4169.
Phone: 1300 565 988.
Email: info@collectionconsultancy.com.au
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