Michigan Loan Agreement between Corporate Borrowers and Bank with Line of Credit
Category:
State:
Multi-State
Control #:
US-1341038BG
Format:
Word;
Rich Text
Instant download
Description
An LOC is an arrangement between a financial institution - usually a bank - and a customer that establishes the maximum loan amount that the customer can borrow. The borrower can access funds from the LOC at any time as long as they do not exceed the maximum amount (or credit limit) set in the agreement.
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