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Line of Credit Promissory Note (USA)

USA suppliers, if you are offering a line of credit to a customer, secure your interest with this Line of Credit Promissory Note form. Provisions of the Note include:

  • 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.

This USA Line of Credit Promissory Note is provided in MS Word format, and is easy to edit and use.





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