Promissory Note for Business Loan (Interest-Only Payments)
Use this form to outline everything you need to lend or borrow money, to be repaid with
interest only until the end of the loan. This loan gives maximum flexibility to the borrower, who makes monthly payments in interest only.
A borrower and lender may agree that the borrower will make
monthly payments of interest only, and then pay off the entire
principal in one lump sum at a date some months or years down the
line. This type of loan tends to give the borrower maximum
flexibility.
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