This attorney-drafted Promissory Note protects both lender and borrower by putting every term of a loan in writing  the amount, the interest rate, the repayment schedule, and what happens if a payment is missed. Lending or borrowing money without paperwork is one of the most common ways relationships and businesses get hurt.
 
Perfect for:
Member or partner loans to an LLC or partnership
Family or friend loans to a small business
Investor bridge loans before a formal financing round
Any loan between two parties who want it documented properly
What you receive:
Attorney-drafted Promissory Note covering interest, payment terms, prepayment, default, security, subordination, and attorneys' fees (fully editable Word document)
Step-by-step usage guide with a complete placeholder reference table
Built-in Exhibit A loan disbursement log for tracking multiple notes in a series
Important guidance on interest rates and state usury laws
Instant digital download
Why this matters:
A loan without a signed agreement is a loan with no real recourse if it isn't repaid. This Note makes the terms clear, protects against the loan being mistaken for an equity stake, and gives both parties a document they can actually enforce.
 
Disclaimer: This template is provided for informational purposes only and does not constitute legal advice or create an attorney-client relationship. For legal advice tailored to your specific situation, please contact our office.