Sample Promissory Notes

The Invest Local Toolkit provides links and resources to many templates useful for local investing — examples of investment clubs, co-ops, and larger-scale and collaborative local investing.

For many peer-to-peer loans, however, the basic promissory note is the backbone of local investing.  A document that defines the agreement between the borrower and the investor, promissory notes are one of the most useful tools for local investing.  We’ve assembled some samples here to document the range, variability, and options  that are available to local investors.

Please Note:  The following sample promissory notes are provided for informational purposes only and not for the purpose of providing legal or financial and investment advice. You should contact an attorney to obtain advice with respect to laws in your state related to the extension of credit.


Sample Promissory Notes 

No Small Potatoes’s Promissory Note (from Maine)

Slow Money North Carolina’s Promissory Note (from North Caroline)

Sample Note used by Invest Local investor (from Virginia)

Sample Note used by Black, Noland, and Reed PLC (from Virginia)


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