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Document Id : 6541
File Type : Microsoft Word
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Canada Line of Credit Promissory Note
Canada 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 amount secured by the Note is calculated as simple interest, accruing monthly.
- The Note is backed by a mortgage on the customer's property.
- There is no prepayment penalty, so it can be paid out at any time.
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