What is your role? What is your role? LenderBorrowerGuarantorWitness / NotaryAgent / RepresentativeOther Describe: Will the borrower have to pay interest? Will the borrower have to pay interest? YesNo What's the interest rate? % Maximum interest rate allowable is set by the usury laws in your state. When will the borrower make payments? When will the borrower make payments? MonthlyOther Describe: How many months does the borrower have to repay the loan? Monthly payment: $ Enter the monthly payment: $ On which day of every month is payment due? Is the loan secured or unsecured? Is the loan secured or unsecured? Secured: An asset is pledged as security for repaymentUnsecured: Nothing is pledged Describe security: What's the loan amount? $ Who's the borrower? Who's the borrower? Individual(s)Business How many? 12345 Who's signing on behalf of the business? CEOExecutiveOfficerManaging MemberOther Name Second Borrower's Name Third Borrower's Name Fourth Borrower's Name Fifth Borrower's Name What's the borrower's address? Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code If more than one, list the first borrower's address. Who is the lender? Who is the lender? Individual(s)Business How many? 12345 Who's signing for the company? CEOExecutiveOfficerManaging MemberOther Name Second Lender's Name Third Lender's Name Fourth Lender's Name Fifth Lender's Name What's the lender's address? Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code If more than one, list the first lender's address. When is the first payment due? When is the final payment due? Will there be a penalty for late payments? Will there be a penalty for late payments? YesNo Will the late fee be fixed or a percentage of the balance? Fixed AmountPercentage Fee amount: $ Percentage of Balance: % This is based on the balance owed. So if the loan is for $1,000 and the balance is $800, then a late fee of 1% on a missed payment would be $8. Are there any additional terms and conditions? Are there any additional terms and conditions? YesNo Elaborate: Where will this agreement be signed? Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyoming When does this agreement become effective? Next Save Save and finish later
