Repayment amount (“principal” and “interest”)Īll promissory notes, no matter how simple, should clearly state the amount of money being borrowed (the “principal” amount) that needs to be paid back. The borrower may also be called a “payer” or “buyer”.Īn example of “the Borrower” and “the Lender” section 2.The lender may also be called a “payee”, “seller”, “issuer”, or “maker”.Only the borrower must sign the promissory note, but it’s good practice to also include the lender’s signature. Full names of parties (“borrower” and “lender”)Ī standard promissory note should name who is receiving money or a line of credit (the “borrower”) and who will be repaid (the “lender”). How to Write a Promissory NoteĪ legal promissory note should contain the following details and clauses: 1. In general, you should use a promissory note for more straightforward loans with basic repayment structures, and a loan agreement for more complex loans. Bank, commercial, business, or investment loans.Real estate loans, property down payments, or mortgages.Personal loans between family members, friends, and colleagues.There are many types of promissory notes that can be used for several purposes, such as: If you’re borrowing or lending money, you should create a promissory note that addresses payment details, interest rates, collateral, and late fees. The note records information about how much was lent (the principal amount), interest rates, when the payment is due (maturity date), when and where it was issued, and signatures.Ī promissory note is also referred to as a: (855) 335-9779 Monday-Friday, 9AM - 7PM EDTĪ promissory note is a written and enforceable agreement in which a borrower promises to pay a lender a sum of money on demand, or within a specified period of time.Templates for payroll stub can be used to give your employees their pay stubs in both manual and electronic formats.įree Microsoft Excel payroll templates and timesheet templates are the most cost-effective means for meeting your back office needs. Use payroll stub templates to conveniently generate detailed pay stubs for each of your employees. Excel payroll templates help you to quickly calculate your employees’ income, withholdings, and payroll taxes. Best of all, data from timesheet templates can be easily imported into payroll templates. Timecard templates greatly minimize the need to closely monitor and record employee comings and goings. Choose the best payroll template to fit your needs.ĭownload timecard templates for your employees to complete. Streamline your backend operations with free timesheet templates and payroll templates for Microsoft Excel. Managing back office tasks like payroll and employee time tracking can greatly reduce time spent growing your business. Cut your back-office expenses with free payroll templates and timecard templates

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