Document background
The Short Term Loan Agreement is commonly used in Belgium for temporary financing needs, typically ranging from a few months up to one year. It serves businesses, organizations, or individuals requiring quick access to capital for working capital, project financing, or bridging loans. The document must comply with Belgian financial regulations, including the Belgian Civil Code, Code of Economic Law, and relevant EU directives. This agreement type is particularly important in the Belgian market where short-term financing plays a crucial role in business operations. The document includes essential provisions for loan amount, interest calculation (following Belgian interest rate regulations), repayment terms, security requirements if applicable, and default remedies. It's structured to ensure enforceability under Belgian law while protecting both lender and borrower interests.
