Financial Forms

Prepare a Priorities Agreement between a debtor and two lenders with this ready-made template.

• The lenders are both secured parties under loan agreements or credit arrangements with the debtor. The Agreement sets out the priority of the lenders' security positions.
• Each of the lenders agrees that its security will rank equally in priority, notwithstanding the date of execution or registration, or other factors.
• Any default by the debtor will be deemed to be a default under security held by each of the lenders.
• This is a generic legal contract which does not specifically reference the laws of any country, state or province.
• The Priorities Agreement Between Two Lenders is in MS Word format and is easy to download and use.

If you are loaning money to a family member or close friend, you can secure the loan with this Promissory Note to be Forgiven on Death.

• This promissory note template provides that the balance outstanding on the loan will be forgiven when the lender dies.
• The borrower agrees to make monthly payments against the loan secured by the promissory note.
• The borrower can prepay the full amount at any time without paying a prepayment penalty.
• If the lender dies before the loan is completely repaid, any balance remaining unpaid at that time is forgiven.
• This Promissory Note to be Forgiven on Death of Lender form is a downloadable MS Word file which can be used anywhere.

This promissory note template is made by a borrower to secure an interest-free loan to be repaid by regular payments.

• The Promissory Note allows the borrower to repay the loan in monthly, weekly, or bi-weekly payments.
• No interest will be charged on the outstanding loan balance. The borrower will only be repaying the principal amount.
• This is a generic legal form which can be used anywhere.
• You can download the form immediately after purchasing it.

Secure the balance payable to the vendor under an asset purchase or rollover agreement with this Promissory Note form for Canadian businesses.

• No interest will accrue on the principal balance prior to default or maturity.
• The full amount outstanding will become due and payable on demand if the purchaser declares bankruptcy, ceases to do business, or otherwise defaults under the terms of the Note.
• The balance may be totally or partially prepaid without bonus or penalty.
• Available in MS Word format.
• Intended to be used only in Canada.

Prepare a Demand Promissory Note for a loan payable from a family member's estate with this easy-to-use template form.

• This type of Promissory Note would typically be used to secure loans between close family members, such as a loan from a parent or grandparent to a child or grandchild.
• Only the lender can demand payment.
• The borrower agrees to repay the entire loan within a specified time following the lender's death or, at the option of the lender's executors, the loan amount may be deducted from the borrower's share of the lender's estate.
• This is a generic legal form which can be used anywhere.

Secure the repayment of a loan with this Promissory Note form for interest payments only.

• The Note allows the borrower to make payments against interest only, with no payment to be made against the principal amount until a date set out in the Note.
• Interest payments are made in arrears, on regularly scheduled payment dates.
• The borrower can repay the principal amount of the loan at any time without having to pay a prepayment penalty.
• This Promissory Note for Interest Only template is generic (not country specific) and is easy to fill in with all the specifics of your transaction.

Secure the repayment of a loan made in Canada with this Promissory Note (for interest only).

This Promissory Note template is designed to help secure the repayment of interest on a loan made within Canada. It provides a clear framework for both lenders and borrowers regarding the repayment terms and expectations.

Deferred Repayment of Principal

Under this Note, the borrower is required to make payments that cover only the accrued interest on the loan. No payments toward the principal amount are necessary until the specific date outlined in the Note. This allows the borrower to manage cash flow by deferring principal repayments until a later time.

Schedule of Interest Payments

Interest payments are to be made in arrears, following a regular payment schedule as defined in the terms of the Note. This ensures that the lender receives compensation for the use of their funds over the period of the loan.

Principal Repayment and Prepayment

The principal sum of the loan may be repaid at any time chosen by the borrower, without incurring any penalty or additional fee. This flexibility benefits the borrower, allowing for early repayment if desired.

Format and Availability

This template is provided in Microsoft Word format, making it easy to edit and customize to suit the specific details of your transaction.

Jurisdiction

This Promissory Note is intended exclusively for use in Canada.

Secure the repayment of interest on a loan with this USA Promissory Note (for interest only).

Deferred Repayment of Principal

This Promissory Note for Interest Only is designed to provide security for the repayment of interest on a loan. The structure of this note enables the borrower to make payments towards the interest only, with the repayment of the principal deferred until a date specified within the document.

Interest Payment Structure

Under this arrangement, the borrower is required to make interest payments in arrears, following a schedule of regular, predetermined dates. This ensures that interest obligations are consistently met throughout the term of the loan.

Principal Repayment Terms

The principal amount of the loan does not need to be repaid until the specified maturity date outlined in the Note. However, should the borrower wish to repay any or all of the principal before that date, they may do so without incurring any penalties or fees.

Template Format and Customization

The Promissory Note for Interest Only is provided in Microsoft Word format. This allows the document to be edited as necessary, so that all the particulars of your transaction can be accurately reflected within the Note.

The template was prepared to be used within the United States.

Are you making an interest-free loan to a friend or family member in Canada? Have them sign this Demand Promissory Note.

When would I need to use this Promissory Note form?

If you lend money to a family member or close friend, you may decide not to charge them interest on the loan balance. Even so, it is important to secure a formal commitment from the borrower to repay the loaned amount.

Getting a Promissory Note signed ensures that the borrower is legally obligated to repay the principal.

When and Where to Use the Form

• This type of Promissory Note is most frequently used when the lender and borrower share a close relationship, such as family members.
• This Demand Promissory Note is intended for use within Canada. It is suitable for all provinces and territories except Québec, where a different French-language form may be needed.

Repayment Terms

Because the loan is interest-free, the borrower is required only to return the principal amount borrowed. No interest will accrue on the loan.

Format of the Template

The Promissory Note for Interest-Free Loan form is available as a digital download in MS Word format and is easy to fill in with your details.

Use this downloadable Grid Promissory Note to secure multiple advances of loan proceeds anywhere in Canada.

What is a grid note?

A grid note, also known as a term note, is used to secure multiple advances of loan proceeds. This document is suitable for use in various lending scenarios where funds are released in stages rather than as a single lump sum.

When would I use this grid promissory note?

This Grid Note is structured to cover multiple advances or stages of funding. It is particularly relevant in cases where the lending agreement specifies that loan proceeds will be disbursed in separate instalments over time.

This form of Note is frequently utilized for construction financing. In such contexts, numerous advances of loan proceeds are often required as the project progresses through various phases.

Format and Legal Jurisdiction

Provided in MS Word format, the Grid Note is easy to download, fill in with the necessary details, and print for use in your lending transactions.

This form can be used across Canada, making it a versatile tool for borrowers and lenders engaged in lending agreements nationwide. A French-language version may be required in Quebec.