A Loan promissory note is a legal document between two parties. The promissory note form acts as a promise that the borrower will pay the amount borrowed on the due date. It allows you to specify how the payment will made either through installments or through a full payment. The example sample promissory note is a written evidence that shows the amount a given borrower owes your business.
It allows flexibility because it provides you with the opportunity to specify payment dates and loan terms. It is a secure way of lending money without undergoing any loss. It allows two parties, you the lender and the borrower, to make amendments and promissory note templates. If you have any DMCA issues on this post, please contact us!