This package includes the essential forms needed for making and collecting a personal loan. These forms are an important tool for avoiding future misunderstandings and disputes. Purchase of this package is a savings of more than 50% over purchase of the forms individually!
The following forms are included in this package:
Unsecured Installment Payment Promissory Note for Fixed Rate - This is a Promissory Note for your state. The promissory note is unsecured, with a fixed interest rate, and contains a provision for installment payments.
Secured Promissory Note - This form is a secured Promissory Note. The note includes a provision which describes the collateral to be used as security on the loan. The form also contains a section which details various actions which would constitute default on the note.
Personal Guaranty - General - This form is a Guaranty. The form provides that the guarantor assures the full and prompt payment of all obligations incurred by the payor.
Sample Letter for Past Due Balance - This is a sample notice for use when a debtor is overdue in payments on a promissory note. A time period for making payment before further action is taken, which may be modified to suit your needs, is provided.
Complaint for Past Due Promissory Note - The form is a complaint for a default on payments due pursuant to a promissory note. The complaint adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another.
Promissory Note with Installment Payments - This form is a Promissory Note. The form provides that the borrower promises to pay the lender in monthly installments. The agreement also provides that there will not be a pre-payment penalty on the note.
Notice of Default in Payment Due on Promissory Note - This form is a notice of a failure to make a required payment when due pursuant to a promissory note. The form also contains a warning to the breaching party that legal action will be taken unless the breach is remedied on or before a certain date. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a notice in a particular jurisdiction.
Resolution of Meeting of Corporation to Make Specific Loan - This form is a resolution of meeting of a board of directors or shareholders to make specific loan. This form may be easily modified for use by other business entities.
Receipt for Payment of Account - This form is a Receipt. The form provides that the undersigned acknowledges the receipt of a certain sum of money which constitutes payment on the account named in the receipt. The receipt also lists the balance remaining on the account, if applicable.
Promissory Note with Confessed Judgment Provisions - This form is a Promissory Note with Confessed Judgment Provisions. The maker of the note promises to repay a loan received from the lender, with interest. The form provides that if the maker defaults upon the loan, the lender may exercise the option of demanding the immediate payment of the entire loan. The debtor agrees to have judgment entered in the lenders favor if court action is brought to enforce collection.
Balloon Unsecured Promissory Note - This form is a model balloon promissory note, with a fixed interest rate. A balloon note is structured such that a large payment is due at the end of the repayment period. Adapt to fit your specific circumstances.
Loan form online for business is a convenient and efficient way for entrepreneurs and business owners to apply for financial assistance. It eliminates the need for tedious paperwork and allows borrowers to conveniently access loan products tailored to their specific needs. Here is a detailed description of various types of loan forms online for business: 1. Small Business Administration (SBA) Loan Form Online: The SBA Loan form online is specifically designed for small businesses seeking funds to start, grow, or expand their operations. These loans are backed by the US Small Business Administration, providing a guarantee to lenders, which encourages them to offer favorable terms and lower interest rates. The online application process for SBA loans usually includes providing detailed business information, financial statements, business plans, and personal background details. 2. Business Line of Credit Online Form: A business line of credit is a pre-approved amount of funds that a business can access whenever needed. It is a flexible financing option that allows businesses to have immediate access to cash for managing day-to-day expenses, inventory purchase, or unforeseen emergencies. The online application for a business line of credit typically requires business information, financial statements, credit history, and personal details of the business owners. 3. Equipment Financing Online Form: Equipment financing is ideal for businesses that require machinery, vehicles, or equipment to operate effectively. Typically, lenders offer a loan amount based on the expected lifespan and value of the equipment being financed. The online application for equipment financing involves sharing details about the equipment, its cost, business financials, and other relevant information. 4. Invoice Financing Online Form: Invoice financing, also known as accounts receivable financing, allows businesses to receive immediate cash by selling their outstanding invoices to a lender at a discount. This helps businesses maintain a steady cash flow and meet their financial obligations. The online application for invoice financing usually involves providing details about the outstanding invoices, their value, and the customers associated with them. 5. Business Term Loan Online Form: A business term loan is a lump sum loan that is repaid with regular installments over a fixed period. It is commonly used for business expansions, equipment purchases, or cash flow management. The online application for a business term loan generally includes providing business financials, bank statements, tax returns, collateral details (if required), and personal information of the business owners. In summary, the availability of various loan forms online for businesses has revolutionized the borrowing process. Entrepreneurs can now conveniently apply for loans specifically designed for their needs, such as SBA loans, business lines of credit, equipment financing, invoice financing, or business term loans. The online application process typically requires borrowers to provide business-related information, financial statements, personal background details, and other relevant documentation.
