Raising money from family or friends is easy capital. Just be sure to follow basic but important lending guidelines when making a binding agreement to pay it back. Every entrepreneur at one time or ...

Whether you’re borrowing money from a financial institution or someone you know, a promissory note serves as a formal lending document. Promissory notes outline a loan agreement’s specific terms and ...

Understand the total interest by multiplying the annual charge by the number of years in your note. Calculate yearly interest by multiplying the principal amount by the interest rate. Know your full ...

Although it may appear on different types of documents, the term "payable on demand" almost always is associated with promissory notes. As the words imply, the term means a debt must be paid when the ...

A promissory note is a binding agreement between a lender and a borrower. While they aren't necessarily complicated, it's essential to follow a simple promissory note sample and follow steps to make ...