If you haven`t created a credit agreement, you should probably make sure you understand all the elements so you don`t miss anything that can protect you for the duration of the loan. This guide can help you create a solid credit agreement and learn more about the mechanics behind it. In accordance with the aforementioned financial program, the loan amount can be used for: With regard to guarantees, if each party signs a separate security agreement for it, you must indicate the date on which the guarantee agreement is signed or signed by each party. When executing your loan agreement, you may be interested in a notary certifying it notarized once all parties have signed or you want to involve witnesses. If you are asking for an advance fee, you must describe in detail the amount of this amount.