This form is a Promissory Note. The borrower promises to repay the lender, with interest, on a particular loan. The payments will be made in monthly installments and there is no penalty for pre-payment of the loan.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
You can do a little homework on the buyer! Checking their creditworthiness and business history can give you a better feel for their likelihood of keeping their word.
While it's not strictly necessary, having a lawyer look it over is a smart move. They can spot any tricky clauses and make sure the note protects your interests.
Yes, terms can often be negotiated! Both parties can agree on the interest rate, payment schedule, and what happens if payments are missed.
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