Employee Loan Agreement

There can be several reasons why an employee would need some help from the company they work for.

How to write an Employee Loan Agreement?

When signing a Loan Agreement, for example between the company and employee, it's important that all important articles are included and that is is accepted and signed between the two parties involved in into the transaction involving a Loan. This loan agreement document is ready-made and can be quickly signed by a Lender (the individual or company giving the loan) and a Borrower (the individual or company receiving the loan).

The following articles are included in this Employee Loan Agreement:

1. Recitals.  
2. Special Employment.  
3. General Employer Responsibilities.  
4. Payment.  
5. Term.  
6. Insurance.
7. Indemnification.  
8. State Audit. 
9. Entire Agreement.  
10. Successors and Assignment.
11. No Waiver of Rights.
12. Severability. 
13. No Third Party Beneficiaries.
14. Notice.  

By using these articles, you are covered when making a loan agreement, which contains the consent of an employer to provide a loan to an employee, which will be further deducted from the employee's payroll. Alternate Names for an Employment Loan Agreement are: "Employee Advance Agreement" and "Salary Advance Agreement.".
Download this Employee Loan Agreement template between the “Borrowing Employer” and the "Lender" (Employee) now.