One farmland financing strategy is to borrow money from family, friends, or community funding groups. This can be a great alternative (or addition) to a traditional bank loan. However, don’t skimp on the details if you want to preserve good relationships and build legal resilience. A promissory note is the way to do this! We have a totally helpful resource to help you do this. Check out our Promissory Note Toolbox (37pgs.), which provides the legal tools you need to create your very own promissory note, including a checklist, a model promissory note, and a story to illustrate its utility.
I need help creating a promissory note
Promissory notes can make the difference between friendships and family relationships thriving or diving. Here's how to actually make one.