Questionnaire - FASTER DRAFT

Who is Borrower?

A Borrower (i.e. a person who borrows money) is:
- An individual
- A business or organization
Indicate a Borrower's full company name:
Indicate a Borrower's company address:
Indicate the Borrower's full name:
Indicate the full residential address of a Borrower:
Indicate a Borrower's contact email address:

!
This email address will be used for communication between a Borrower and a Lender with regards to the present Agreement.

Who is Lender?

A person that borrowers money (the Lender) is:
- A business or organization
- An individual
Indicate the company's full name (Lender):
Indicate a Lender's business address:
Indicate a Lender's full name:
Indicate a Lender's residential address:
Indicate a Lender's email address:

!
This email address will be used for communication between a Lender and a Borrower with regards to the present Agreement.

Loan details

Indicate the date on which the Agreement starts:

!
This is the date when the Promissory Note becomes effective.
Select the state, where a Lender is based or currently reside:

!
The laws of a state selected as an answer to this question will apply towards this Agreement.
Indicate the total amount of money borrowed (in USD):

!
This is the principal amount that a Lender borrows to the Borrower. This sum should exclude any applicable interest, if any.
Will the Borrower be paying interest on the loan?
- No
- Yes
!
Interest is an additional amount of money a borrower pays to a lender for borrowing their funds. An interest is calculated as a percentage of the loan given. Once the loan period expires, a borrower should repay back both the loan in full as well as any accrued interest.
Indicate the interest rate (in %):

!
Neither federal nor state laws define the maximum or minimum interest rate that should apply to promissory notes.

However, the average interest rate is in between 3-5% of the principal loan amount.
Select a date by which the loan and accrued interest should be repaid back in full:
Select a date by which the principal amount should be repaid back:
If a Borrower fails to repay back on time the loan and/or interest, should an additional interest rate apply to the unpaid amount?
- No
- Yes
If a Borrower fails to repay back on time the loan, should an additional interest rate apply to the unpaid amount?
- No
- Yes
Indicate the new interest rate that should apply to unpaid loan and/or interest amount after the due date:

Do you want to add a signature?
- Yes
- No
Add Borrower's signature:

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Who is Borrower?

A Borrower (i.e. a person who borrows money) is:

Indicate a Borrower's full company name:

Indicate a Borrower's company address:

Indicate the Borrower's full name:

Indicate the full residential address of a Borrower:

Indicate a Borrower's contact email address:

Who is Lender?

A person that borrowers money (the Lender) is:

Indicate the company's full name (Lender):

Indicate a Lender's business address:

Indicate a Lender's full name:

Indicate a Lender's residential address:

Indicate a Lender's email address:

Loan details

Indicate the date on which the Agreement starts:

Select the state, where a Lender is based or currently reside:

Indicate the total amount of money borrowed (in USD):

Will the Borrower be paying interest on the loan?

Indicate the interest rate (in %):

Select a date by which the loan and accrued interest should be repaid back in full:

Select a date by which the principal amount should be repaid back:

If a Borrower fails to repay back on time the loan and/or interest, should an additional interest rate apply to the unpaid amount?

If a Borrower fails to repay back on time the loan, should an additional interest rate apply to the unpaid amount?

Indicate the new interest rate that should apply to unpaid loan and/or interest amount after the due date:

Do you want to add a signature?

Add Borrower's signature:

Select a document's format: