Revolving Loan Agreement for Goods

This Revolving Loan Agreement for Goods is between a customer and a shop or small business owner who allows a customer to pay for purchases through a revolving loan account. This agreement sets forth the amount of the revolving charge and the customer's credit limit. It also sets forth the payment schedule, any finance charges and that the customer may prepay all or a portion of the account at any time. This type of agreement should be clearly set forth in writing and not via oral agreement. A written Revolving Loan Agreement will be useful in the event there are questions or disagreements about the specific terms of the arrangement. (continued ...)