North Carolina IOU (I Owe You)

This IOU acknowledges that the undersigned Borrower owes the stated amount to the Lender on the terms described herein:

I. Borrower Information

[YOUR NAME]

[YOUR COMPANY NAME]

[YOUR COMPANY ADDRESS]

[YOUR COMPANY EMAIL]

[YOUR COMPANY NUMBER]

[YOUR COMPANY WEBSITE]

[YOUR COMPANY SOCIAL MEDIA]

II. Lender Information

[LENDER NAME]

[LENDER COMPANY NAME]

[LENDER ADDRESS]

[LENDER EMAIL]

[LENDER PHONE NUMBER]

[LENDER WEBSITE]

[LENDER SOCIAL MEDIA]

III. Principal Amount

The principal amount of this IOU is [PRINCIPAL AMOUNT] United States Dollars ($[AMOUNT]).

IV. Terms of Repayment

The Borrower agrees to repay the full principal amount to the Lender by [DUE DATE]. The payment shall be made via [PAYMENT METHOD], directed to the following account or address, as per the Lender's instructions.

V. Interest

Interest on this loan shall accrue at a rate of [ANNUAL INTEREST RATE]% per annum. If not stated, the loan is considered interest-free.

VI. Default and Remedies

In the event of default, the Lender has the right to demand immediate payment of the full principal sum outstanding. Additional charges for late payment may apply as discussed and agreed upon at the outset of this loan and stipulated in further written agreement.

VII. Governing Law

This IOU shall be governed by and construed in accordance with the laws of the state of North Carolina, United States.

VIII. Signatures

The Borrower and Lender signify their agreement to the terms hereof by their signatures below:

Borrower's Signature

Date: [DATE]

Lender Signature

Date: [DATE]

IOU Templates @ Template.net