You also have the option to use an online template. Similarly, Australian banks have been asked to pause the repayment of loans to small businesses. But if your business is in financial difficulty and you no longer meet these obligations, you must inform your lender. Other topics should be covered in this interview. Credit agreements are binding contracts concluded between two or more parties that have been established to formalize a credit procedure. A credit agreement must define what the parties agree and how long. Division 7A applies to loans and payments made on or after December 4, 1997. .