Secured Loan with Guaranty, Payable on Demand

A loan agreement defines the terms and conditions under which a lender advances funds to a borrower. This Loan Agreement for a secured loan with guaranty is payable on demand and allows the lender to name a guarantor who promises to repay the loan if the borrower defaults. This agreement also allows the lender to hold a security charge over property or assets. Upon demand, the borrower is given a certain period of time to repay the outstanding balance of the loan to the lender. (continued ...)