Promissory Note, Settlement Agreement and Guaranty | USA

Lenders, demand payment from a guarantor under a loan document with this Demand Letter to Guarantor.

• The letter informs the guarantor that the debtor whose indebtedness was guaranteed by the guarantor has defaulted in making payments towards the loan.
• The lender demands that the guarantor pay the outstanding amount by a certain date.
• This template is available in MS Word format and is easy to download, fill in with your details, and print.
• The form can be used almost anywhere that does not have a statutory form.

Get a guaranty of payment of a borrower's loan from a guarantor with this easy downloadable form.

• In addition to guaranteeing repayment of the loan, the guarantor acknowledges that a signature on the guarantee is intended to be an endorsement of the loan instrument.
• Any change, extension, or waiver under the loan instrument will not affect the guarantor's liability.
• This form can be used in any part of the United States or its territories with the applicable notary acknowledgement.
• Available in MS Word format.

Overview

If you are considering loaning money to either an individual or a company, it is important to protect your financial interest. This USA Promissory Note and Guarantee provides a formal method to secure your loan, ensuring that both the repayment terms and additional guarantees are clearly outlined.

Repayment Terms

Under the terms of this Note, the borrower commits to repaying the secured amount through monthly payments. It is important to note that these payments may not necessarily be equal in amount each month, allowing for potential flexibility in the repayment structure.

Guarantee of Payment

To further secure the lender's position, the Note includes a guarantee of payment. If the borrower fails to make the required payments when they become due, a guarantor will step in to fulfil the payment obligations. The guarantor agrees to ensure that the creditor receives a monthly instalment payment, which is calculated as a specified percentage of the guarantor's net revenue.

Additional Information

• This document is available in Microsoft Word format for ease of use and editing.
• It is intended solely for use within the United States.

When you loan money to a business, you want some assurances that the loan will be repaid even if the business does not survive. Get a shareholder, partner or proprietor of the business to execute this Unconditional Guarantee as security.

• The Guarantee sets out the guarantor's obligation to repay the loan in the event that the borrower defaults.
• The guarantor waives all of his/her rights with respect to notices of default or demand, and any rights regarding redemption or disposition of collateral.
• The guarantor must preserve the collateral pledged under the guarantee.
• The guarantor agrees to pay all of lender's costs to enforce the guarantee.
• This legal template is solely for use in the United States.

Buy and download the Unconditional Guarantee template, and get it signed with each business loan you make.