Write Your Own Loan Agreement Yes, you can do it without a lawyer.

You don't necessarily need a lawyer to write your loanagreement. You can find examples of loan agreements in manybusiness books; just write up the same information, complete it andsign it. If you decide to get legal advice, you can save money bydrawing up the loan agreement yourself and then giving it to anattorney to redraft.

Excerpted from Start Your Own Business: The Only Start-Up GuideYou'll Ever Need

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

7 AI Tools That Help You Build a One-Person Business — and Make Money While You Sleep

Who needs a team? These seven AI tools let you automate everything, scale like a beast and reclaim your time.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Making a Change

Develop a Lifetime of New Skills for Only $20

Get access to 1,000+ courses in a wide variety of subjects, from beginner to advanced levels, with new courses added every month.

Devices

Boost Productivity With This Adjustable Stand With Port Hub for Just $100

You'll be amazed at how much more comfortable and productive you can be with this attractive, lightweight stand and its eight connected ports.

Money & Finance

Make Money on Autopilot With These 5 Smart Passive Income Ideas

Five innovative ways to earn money even when you're sleeping.