Line of Credit Promissory Note

If you are offering a line of credit to a customer, secure your interest with this Line of Credit Promissory Note form. Provisions of the Note include:

• The Note allows for multiple advances, up to a specified maximum amount.
• Interest on the secured amount is simple interest, accruing monthly.
• The Note is secured by a mortgage on the Borrower's property.
• There is no prepayment penalty.

This Line of Credit Promissory Note form is provided in MS Word format, and is easy to edit and use.