This Revolving Loan Agreement for Goods is between a customer and a shop or small business owner who allows a customer to pay for purchases through a revolving loan account. This agreement sets forth the amount of the revolving charge and the customer's credit limit. It also sets forth the payment schedule, any finance charges and that the customer may prepay all or a portion of the account at any time. This type of agreement should be clearly set forth in writing and not via oral agreement. A written Revolving Loan Agreement will be useful in the event there are questions or disagreements about the specific terms of the arrangement.

This Revolving Loan Agreement includes:

• Parties: Sets out the names of the business/shop owner and the customer;
• Purpose/Promise to Pay: The customer will set up the account and promises to pay for any purchases through the debit of this account;
• Credit Limit: Owner has the right to limit the amount of credit authorized to customer and to refuse credit at any time;
• Account Statement: Owner will provide the customer with a detailed list of purchases made and the unpaid balance before the 5th day of every month;
• Prepayment: Customer can prepay the balance of the account at any time without incurring any type of penalty;
• Signatures: The small business/shop owner and customer must sign this agreement.

Protect yourself and your rights by purchasing this attorney-prepared form.

This attorney-prepared package includes:

1. General Information
2. Instructions and Checklist
3. Revolving Loan Agreement for Goods

State Law Compliance: This form complies with the laws of all states