Are you looking for a loan agreement form in Minnesota? Download our free Minnesota Loan Agreement Form which is available as PDF or Word documents.Basic Parts of the Loan Agreement: Commitment letters, promissory notes, credit agreements, mortgages, assignments and guarantees. A personal loan agreement is a contract between two parties, generally a borrower and a lender. It outlines how much is borrowed, how it's repaid and more. To complete the form, enter the amount of funds you are requesting and a summary of what the funds will be used for. (a) The Borrower acknowledges that the Lender , in order to obtain funds for part of the Borrower ' s activities in connection with the Project, has applied for. A loan agreement serves as a crucial legal contract between a borrower and a lender, delineating the terms and conditions of a financial arrangement. A family loan agreement shares the same basic elements with other lending contracts. The Borrower has secured a commitment for the financing necessary to complete the Project, in a form and under conditions satisfactory to the Borrower.