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Security Agreement
Free security agreement template — pledges collateral to secure a loan or other obligation.
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This free security agreement covers 1. Grant of Security Interest, 2. Obligations Secured, 3. Debtor's Representations, 4. Default, 5. Filing with 8 clearly marked [placeholder] fields to fill in — built for small businesses and individuals documenting a loan or expense putting financial terms in writing so both sides have a clear, shared record. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Security Agreement
Debtor: [Name] (the "Debtor") Secured Party: [Name] (the "Secured Party") Date: [Date]
1. Grant of Security Interest
To secure repayment of [Reference the underlying loan/promissory note], Debtor grants Secured Party a security interest in the following collateral: [Describe collateral specifically — e.g. equipment, inventory, accounts receivable].
2. Obligations Secured
This security interest secures [Amount] owed under [Reference document, e.g. "the Promissory Note dated ___"], plus interest and any costs of enforcement.
3. Debtor's Representations
Debtor represents that it owns the collateral free of other liens, except as disclosed: [Disclose any existing liens].
4. Default
Debtor is in default if: [payment is missed, the collateral is damaged/sold without consent, etc.]. Upon default, Secured Party may exercise all rights available under [State] law, including repossession of the collateral.
5. Filing
Secured Party may file a UCC-1 financing statement to perfect this security interest.
6. Governing Law
This Agreement is governed by the laws of [State/Country].
Debtor: ______________________ Date: ____________ Secured Party: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. Perfecting a security interest correctly (UCC filings, priority rules) is technical — consult a licensed attorney for any loan of real size.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 6 standard sections: 1. Grant of Security Interest, 2. Obligations Secured, 3. Debtor's Representations, 4. Default, 5. Filing, 6. Governing Law
- 8 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Informal lending & reimbursements
Money changing hands between people or a business and its team, without a bank's paperwork.
FAQ
Is this security agreement template really free?
Yes. Like every template in docstoc's library, this security agreement is free to use, with no account or signup needed to view, edit, or download it.
What does this security agreement cover?
This finance template includes 1. Grant of Security Interest, 2. Obligations Secured, 3. Debtor's Representations, 4. Default. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. Financial documents like this can touch usury limits, lending disclosure rules, or tax treatment that vary by state and by amount — details a general template can't know. Have an accountant or attorney review the actual terms before money changes hands based on this.
Can I edit the wording?
Yes — edit directly on the page, adjust any section or clause, and re-fill the 8 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.
Where can I find more free templates like this?
Browse more free finance and related document templates in the docstoc library at /document-templates/.
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Security
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Templates are drafted for general use, not a substitute for legal advice — check the note on each page for specifics.
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