This agreement is for a demand loan, in which repayment is to be made at the lender's request (upon "demand"). If the borrower is unable to repay, the lender will be protected by collateral.
This agreement is for use in Wisconsin, although there may be limits on interest rates or other aspects of loaning money.
This template includes the following paragraphs, among others:
-* Loan Amount & Interest
-* Governing Law
-* Maximum Interest
-* Waiver of Presentment
-* Borrower's Liability
-* Cumulative Rights