Secured promissary note and security agreement example
What is a Secured Promissory Note?
A Secured Promissory Note is a legal agreement that requires a borrower to provide security for a loan. With this lending document, the borrower puts forth their personal property or real estate as collateral if the loan isn't repaid. A Secured Promissory Note can help convince a lender to make a loan and incentivizes the borrower to pay it back by the due date.
If you're not looking for a secured note, we also offer a standard Promissory Note and a Promissory Note with Installment Payments.
When to use a Secured Promissory Note:
- You want to borrow money and offer your personal property or real estate as collateral.
- You want to lend someone money, but want to secure the loan with collateral.
Sample Secured Promissory Note
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