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Document Id : 6527
File Type : Microsoft Word
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USA Line of Credit Promissory Note
USA suppliers, if you are offering a line of credit to a customer, secure your interest with this Line of Credit Promissory Note form.
- The Note allows for multiple advances, up to a specified maximum amount.
- Interest on the secured amount is simple interest accruing monthly.
- The Note is secured by a mortgage on the Borrower's property.
- There is no prepayment penalty.
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