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	Legal - Promissory Term Note #2
	Rating:		Price: $5.99
	At A Glance
	This Word document is a template for a promissory term note payable over a specific time frame, with the annual interest rate on the note changing based on the prevailing Prime Rate.
	Background
	There may be situations under which another company may ask for a loan. If your company makes the decision to assist them, you will want to use some form of promissory note in order to secure a promise of repayment. You should also have them sign a Pledge Agreement guaranteeing the repayment.
	Benefits
	Using this tool, you will have a legally-binding document by which to ensure repayment of a company loan.
	Time ROI
	It takes on average 2 hours to develop a legally-binding Promissory Term Note. By using MyWorkTools.com, you will save approximately 1.5 hours and will only need to fill in the blanks with the situation-specific data.

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