This collateral agreement template is what you need to secure an item of value as collateral for monetary debt. A secured loan requires the borrower to use the value of an asset as collateral.Secure loans with a collateral agreement template, outlining assets used as security and loan repayment conditions. A master loan and security agreement is a general contract that allows lenders to reuse the same document to secure multiple loans in the future. With a senior debt loan, companies put up their concrete assets as collateral, and draw on a low-interest loan that is also low-risk to the lender.