Also known as a loan agreement, loan or credit facility agreement or facility letter. An agreement or letter in which a lender (usually a bank or another financial institution) sets out the terms and conditions (including any conditions precedent) on which it is prepared to make a loan facility available to a borrower.

The loan facility is typically a term loan, revolving loan or overdraft. A facility agreement may set out the terms and conditions for more than one loan facility. For an example of a standard form facility agreement between a single lender and a single borrower, see Standard document, Facility agreement: bilateral.