Dig Deeper: Borrowing Money for Your Business How To Write A Promissory Note: Charging Interest There is no legal limit to the amount you can borrow, it can be anywhere from $1,000 or $1 million.

There are even websites online that offer fill-in-the-blank templates, like eForms or LegalZoom. At its most basic level, a promissory note should include the following things: Date ...

A promissory note needs to be clear, specific, and detailed, so that there are no misunderstandings as to what both parties are agreeing to. Again, consulting a legal pro is best here.