At some point in the life of your business, you will likely need to borrow money -- particularly if you need to buy new equipment or inventory. Loans from banks or other institutional lenders are ...

A promissory note is a formal lending document that outlines the terms of a loan agreement and confirms the borrower's commitment to repayment. Promissory notes should contain the parties involved, ...

Everyone likes to collect the money owed to them. This is why banks use promissory notes when extending you a mortgage or car loan. The promissory note is basically an "I Owe You" with an official ...

Adam Barone is an award-winning journalist and the proprietor of ContentOven.com. He has 5+ years of experience as a content strategist/editor. Suzanne is a content marketer, writer, and fact-checker.