Business Loan Promissory Note
Date:
Loan Amount:
For value received, the undersigned ("Borrower") promises to pay to the order of ("Lender") the principal sum of:
Borrower Name:
Lender Name:
1. Interest Rate
The unpaid principal shall bear interest at the rate of:
2. Payment Terms
Payments shall be made as follows:
Commencing on:
Final Payment Due Date:
3. Late Fees
If any installment is not paid on time, a late fee of:
will be charged.
4. Default
If Borrower defaults on this Note, the unpaid principal and interest shall immediately become due at the option of the Lender.
5. Governing Law
This Note shall be governed by and construed in accordance with the laws of:
Borrower Signature:
Date:
Lender Signature:
Date: