eForms Logo

Minnesota Secured Promissory Note Template

Create a high quality document now!

Minnesota Secured Promissory Note Template

Updated April 11, 2022

A Minnesota secured promissory note is used when one party lends another party a monetary balance with the expectation of getting that balance returned with interest. This template organizes and adds legality to the transaction and helps prevent the lender from incurring unnecessary financial losses. Also included is a section on security, which sets aside a personal possession of the borrower to be given to the lender in the case of a default.

By using the website, you agree to our use of cookies to analyze website traffic and improve your experience on our website.