Loan agreement format for employeesEmployee Loan Agreement • May 11th, 2021 • California
Contract Type FiledMay 11th, 2021 JurisdictionDownload the Employee Loan Agreement automated template and 100+ legal and bisiness forms. Free Download EMPLOYEE LOAN AGREEMENTThis Employee Loan Agreement and Promissory Note (the “Agreement”) is made and effective this 4th day of April, 2019, Templates to create a salary advance agreement for employees who need extra cash until a future payday. An agreement that was drawn up for employees taking out a loan from their employer. Effective Date / / Employer [Legal Name], AKA (The Employer) Located at [Address] [City], [State] [Zip Code] & The Employee [Legal Name], AKA (The Employee) Located at [Address] [City], [State] [Zip Code] The Employee hereby acknowledges a debt to the Employer in the amount of $ . For the following reason: The Employee acknowledges and agrees that an interest rate of % per year will accrue on any outstanding amount and that the repayment shall first be applied to the interest and then the principal amount. The Employee hereby gives permission to the Employer t