How-to guides, articles, and any other content appearing on this page are for informational purposes only, do not constitute legal advice, and are no substitute for the advice of an attorney.

What's an unsecured promissory note, installment with balloon final payment?

Not all businesses turn a profit the first day their doors open. Some owners need a loan to keep the lights on long enough to stay afloat. However, big financial institutions can be unwilling to take a chance on new, small businesses. This is where friends and family come in—and where an unsecured promissory note helps keep lender and borrower legally on the same page.

Here's the information you'll need to have handy to complete your unsecured promissory note installment with balloon final payment:

  • Who the lender is: Have their name and contact information ready
  • Who the borrower is: Have their information available
  • Who the holder is: The holder might be the lender but could be a third party
FREE
ATTORNEY-DRAFTED

Unsecured Promissory Note - Installment with Balloon Final Payment

Make your loan official and maintain a healthy borrower-lender relationship with a promissory note. Establish clear loan terms, secure repayments, and ensure a secure financial arrangement.
Complete your document with ease
Fill your responses and download document
Personalize with a rich editor (additional fee)
eSign document easily and securely (additional fee)
Protect your business with attorney consults
Get legal help Preview Banner

Related templates

Secured Demand Promissory Note

Secured Demand Promissory Note

Make sure your demand for payment for collateral-backed loans is worded right when it's time for the borrower to pay you back. Ensure timely repayment of a loan with a secured demand promissory note.

Secured Promissory Note (Installment with Balloon Final Payment)

Secured Promissory Note (Installment with Balloon Final Payment)

Looking to secure a non-bank loan to be paid back in installments? A secured promissory note helps to protect your financial interests and officiate lending agreements.

Secured Promissory Note (Interest-Only with Balloon Final Payment)

Secured Promissory Note (Interest-Only with Balloon Final Payment)

Need a secure non-bank loan from a friend or family member? Use our template and get the funding you need.

Unsecured Demand Promissory Note

Unsecured Demand Promissory Note

Safeguard your financial arrangement with an unsecured demand promissory note. Define loan terms clearly for borrowers and lenders.

Unsecured Promissory Note (Interest-Only with Balloon Final Payment)

Unsecured Promissory Note (Interest-Only with Balloon Final Payment)

Secure loans with a promissory note. Protect your investments by laying out transparent repayment terms.

Unsecured Promissory Note (Lump-Sum Payment)

Unsecured Promissory Note (Lump-Sum Payment)

Secure your finances with an unsecured promissory note (lump-sum payment). Clarify loan terms, interest rates, and payment details. Start building a successful financial arrangement today.

ATTORNEY ADVERTISEMENT: Attorneys advertised on this site are independent attorneys. in your area who’s responsible for this advertisement. LegalZoom.com, Inc. is not an "attorney referral service" or a law firm. The information you provide to LegalZoom is not protected by attorney-client privilege. about this advertisement if you live in Alabama, Missouri, or New York.