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Sample Unsecured Promissory Note
Provided by CCH Business Owner's Toolkit, Content Partner for the SME Toolkit

Benefits: The attached file contains a sample unsecured promissory note that can be customized to document a loan to you from a family member, friend, or other private party. The form is designed to help prove that you have established a formal debtor/creditor relationship and that the exchange of money is a loan, not a gift. Executing a promissory note and adhering to its terms will help reduce the risks from gift tax issues, conflicts of interest and mismanagement claims, and personal misunderstandings between insiders and entrepreneurs.

Keep in mind that this form is a starting point, not a finished product. You'll want to customize it to make sure that the agreement reflects the understanding between your business and the lender.

File Description: The file contains a two-page document in rich text format (RTF) that is suitable for use with most word processing programs used in the Windows environment.

Special Features: The concise sample promissory note covers:

  • proper identification of the parties
  • basic repayment terms - interest, payment dates, place of payment, etc.
  • optional default and confession of judgement provisions
  • repayment ledger

As with all contracts and legal documents, it's a good idea to consult a local lawyer or the laws of your state regarding limitations or requirements affecting promissory notes (most notably the default and confession of judgment options).

Download Sample Unsecured Promissory Note

Copyright © 2005 CCH INCORPORATED. All Rights Reserved.

Related Information
Managing Debt
Give Yourself the Money Hunting Edge
Sample Bank Loan Application & Review Forms
Sample Personal Financial Statement Application
Microlending Resources
The Business Plan
Loan Payment Calculator


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Philippine Dealing System

High: 43.985
Low: 43.820
Close: 43.860
Wtd. Ave.: 43.907
Volume: US$ 981.50MM
Results as of

USD/Peso Exchange Rate

Buying: Php 43.50
Selling: Php 44.00
Indicative rates as of

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