Tag "promissory note"
Business Services
Owner Financing for Your Small Business
Investing in a small business requires ample resources, namely capital and financing to get your business started. For many prospective business owners, money is in short supply what with home prices still way off from 2007 highs and available equity diminished accordingly.
Money News
The Key Components of a Promissory Note
As explained by the SEC, a promissory note is a debt obligation, one that is similar to an IOU or a loan. Promissory notes are sometimes used as a fund-raising tool by companies, as a way to attract investors, individuals that may receive a periodic payout for offering a note.
