Loan Extension Agreement with Guarantor Confirmation

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This Loan Extension Agreement with Guarantor Confirmation will effectively extend the maturity date of a note which a guarantor has guaranteed. This extension agreement can be tailored to fit your individual needs.

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This Loan Extension Agreement with Guarantor Confirmation is between a borrower and guarantor of a promissory note and the lender who has agreed to extend the maturity date of the note. This agreement sets out the original amount of the loan, original maturity date and date of guaranty agreement. It also specifies the new maturity date on which the note will be due and payable. It is vital that this agreement be clearly set out in writing. A written Loan Extension Agreement with Guarantor Confirmation will be beneficial in the event there are disagreements or miscommunication about the maturity date of a promissory note.

This Loan Extension Agreement with Guarantor Confirmation includes the following:
  • Parties: The names of the borrower, lender and guarantor of the note;
  • Note Information: Sets forth the amount and date the loan was signed, date of guaranty agreement, original maturity date and new maturity date of the loan;
  • Agreement Terms: Borrower and Guaranty agree to extension of the maturity date and that all other terms of the note remain in full force and effect;
  • Signatures: This extension agreement must be signed by the borrower, lender and guarantor in the presence of witnesses.

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This attorney-prepared packet contains:
  1. General Instructions
  2. Loan Extension Agreement with Guarantor Confirmation
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Loan Extension Agreement(Guarantor)
THIS AGREEMENT made as of [Date of Agreement] among [Name of Borrower] (the “Borrower”), [Name of Lender] (the “Lender”) and [Name of Guarantor] (the “Guarantor”);
 
WHEREAS:
(A)   the Borrower borrowed from the Lender the sum of [Amount of Loan (ie. $25,000.00)] (the “Loan”), as evidenced by a Promissory Note (the “Note”) dated [Date of Original Promissory Note] maturing on [Date of Maturity of Promissory Note];
(B)   pursuant to a Guarantee agreement between the Guarantor and the Lender dated [Date of Guarantee] (the "Guarantee"), the Guarantor guaranteed the Loan; and
(C)   the Borrower, the Guarantor and the Lender wish to extend the maturity date of the Loan to [New Maturity Date of Loan];
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and the covenants and agreements herein contained, and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties covenant and agree as follows:
1.   The maturity date of the Loan and the Note is hereby extended to [New Maturity Date of Loan].
2.   The Borrower and the Guarantor hereby consent to the extension of the maturity date of the Loan set forth above and ratify and confirm the Guarantee and security granted by them to the Lender as security for repayment of the indebtedness and obligations of the Borrower under the Loan and the Note.
3.   The Borrower and the Lender hereby further ratify and confirm all other terms and conditions of the Loan and the Note, which remain in full force and effect, unamended, except as expressly amended by this Agreement.
4.   The Borrower shall provide to the Lender, concurrently with the execution of this Agreement and prior to each anniverary date hereof, a series of twelve (12) post-dated cheques representing the twelve (12) monthly interest payments on the Note falling due after such date.
IN WITNESS WHEREOF each the parties hereto have executed this Agreement as of the date first above written.
 
 
 
 
Witness
 
[NAME OF BORROWER]
 
 
 
Witness
 
[NAME OF LENDER]
 
 
 
Witness
 
[NAME OF GUARANTOR]
 
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28631
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Loan Extension Agreement(Guarantor)
THIS AGREEMENT made as of [Date of Agreement] among [Name of Borrower] (the “Borrower”), [Name of Lender] (the “Lender”) and [Name of Guarantor] (the “Guarantor”);
 
WHEREAS:
(A)   the Borrower borrowed from the Lender the sum of [Amount of Loan (ie. $25,000.00)] (the “Loan”), as evidenced by a Promissory Note (the “Note”) dated [Date of Original Promissory Note] maturing on [Date of Maturity of Promissory Note];
(B)   pursuant to a Guarantee agreement between the Guarantor and the Lender dated [Date of Guarantee] (the "Guarantee"), the Guarantor guaranteed the Loan; and
(C)   the Borrower, the Guarantor and the Lender wish to extend the maturity date of the Loan to [New Maturity Date of Loan];
NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and the covenants and agreements herein contained, and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties covenant and agree as follows:
1.   The maturity date of the Loan and the Note is hereby extended to [New Maturity Date of Loan].
2.   The Borrower and the Guarantor hereby consent to the extension of the maturity date of the Loan set forth above and ratify and confirm the Guarantee and security granted by them to the Lender as security for repayment of the indebtedness and obligations of the Borrower under the Loan and the Note.
3.   The Borrower and the Lender hereby further ratify and confirm all other terms and conditions of the Loan and the Note, which remain in full force and effect, unamended, except as expressly amended by this Agreement.
4.   The Borrower shall provide to the Lender, concurrently with the execution of this Agreement and prior to each anniverary date hereof, a series of twelve (12) post-dated cheques representing the twelve (12) monthly interest payments on the Note falling due after such date.
IN WITNESS WHEREOF each the parties hereto have executed this Agreement as of the date first above written.
 
 
 
 
Witness
 
[NAME OF BORROWER]
 
 
 
Witness
 
[NAME OF LENDER]
 
 
 
Witness
 
[NAME OF GUARANTOR]
 

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