When you submit a proposal on project on Loom, you can choose how you want to be compensated for your work. You can estimate your fee for work in cash, company equity or a combination of both.
However, work agreements are not handled directly on Loom. Contracts and work agreements are between you and the hiring entrepreneur.
We strongly recommend against doing any work without a formalized, signed work agreement. We also recommend doing due diligence research before entering into a work agreement with anyone, especially a work agreement that includes equity. Any contract you sign should include a payment schedule and method that you agree on with that entrepreneur.