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Collateral is an item of value borrowers can pledge to lenders to obtain a loan or a line of credit, which will be formally written in the loan agreement. Item 8 - 382 — Collateral documents do not include guaranties.The agreement may be completed electronically. Collateral is an asset that a lender accepts as security for extending a loan. Limited Power of AttorneyFinancial Power of Attorney FormSimple One Page Lease AgreementPartnership AgreementConsulting AgreementShort Term Rental AgreementEmployee Equipment AgreementFreelance ContractSponsorship ProposalNon Disclosure AgreementPurchase AgreementFree Loan Agreement Next you will enter the details of the total amount of the loan. A collateral agreement can be between one of the parties or third party. The statement of the collateral agreement must be promissory in nature.