Secured Promissory Note

If you need a loan, or are considering giving one, a Secured Promissory Note can provide security for that loan. The note provides a lot of collateral as the borrower is promising to give up personal property or real estate if the loan isn't repaid. A Secured Promissory Note can help convince a lender to make a loan and ensures the borrower will pay it back.

Use the Secured Promissory Note document if:

• You want to borrow money and offer your personal property or real estate as collateral.
• You're thinking of lending someone money, but want property as collateral.