Download a promissory note form for your state that suits your purposes or write one up yourself. Note the names of the promisor (borrower) and promisee (lender) at the top.

A promissory note needs to be clear, specific, and detailed, so that there are no misunderstandings as to what both parties are agreeing to. Again, consulting a legal pro is best here.

Using a promissory note and security agreements can restrict your ability to obtain additional financing for your business, especially if the lender files a UCC-1.

In addition to returning the principal, promissory notes generally offer some interest.. How to structure a loan. A founder looking to raise money through a promissory note should know how much ...

For federal student loans, you may sign a contract called a Master Promissory Note, or MPN, that allows you to borrow more than one loan during a period of up to 10 years.

A mortgage note, or promissory note, is a legally binding document that you sign at closing promising to repay the home loan to your lender. See how it works and what it includes.