Download your free loan worksheet and sample promissory note.

• Interest Only Note (Interest Only Payments)
• Principal and Interest Note (Equal Principal and Interest Payments)
• Principal and Interest Note with Balloon Payment (Partial Interest and Principal Payments)
• Principal and Interest Due at Maturity Note (No payments Until Final Maturity)

The sample promissory notes are provided to you as example of simple note documentation. Contract law and interest rate rules vary by state and it is important to have this and any note document reviewed by legal counsel before use.

A poorly managed and documented loan may subject the Lender to Federal and State gift taxes. See the following links for more information.

http://www.irs.gov/businesses/small/article/0,,id=108139,00.html
http://www.irs.gov/pub/irs-pdf/p950.pdf

Use ZimpleMoney, as an independent third party, to show evidence of billing, collection, tax accounting, payment posting, and funds distribution. Document your loan with the help of legal counsel.

Using the FREE ZimpleMoney Payment Calculator you can decide which note and terms best suit your situation and the borrower’s ability to pay.

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