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PROMISSORY NOTE DATE OF NOTE:May ___, 2018PRINCIPAL INDEBTEDNESS:$715,000.00NAME OF MAKER:Able Manufacturing & Assembly, LLC, an Indiana Limited Liability Company VALUE RECEIVED, and for good and

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How to fill out promissory note

01

Start by writing the date at the top of the promissory note.

02

Include the full names and addresses of both the lender and borrower.

03

Clearly state the amount of money being borrowed and the terms of repayment.

04

Specify the interest rate, if applicable, and any late fees or penalties for non-payment.

05

Both parties should sign and date the promissory note to make it legally binding.

Who needs promissory note?

01

Anyone lending or borrowing money can benefit from using a promissory note to outline the terms of the loan.

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What is promissory note?

A promissory note is a written promise to pay a specified sum of money to a designated person or entity at a specified date or on demand.

Who is required to file promissory note?

Individuals or entities who have borrowed money and agreed to repay it under specified terms and conditions are required to file a promissory note.

How to fill out promissory note?

A promissory note can be filled out by including details such as the names of the parties involved, the amount borrowed, the repayment terms, and the date of repayment.

What is the purpose of promissory note?

The purpose of a promissory note is to document a loan agreement and provide legal evidence of the borrower's promise to repay the loan.

What information must be reported on promissory note?

A promissory note must include details such as the names of the parties involved, the loan amount, the repayment terms, and any applicable interest rates or late payment penalties.

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