Canada suppliers, if you are offering a line of credit to a customer, secure your interest with this Line of Credit Promissory Note
- The Note allows for multiple advances, up to a specified maximum amount.
- Interest on the secured amount is simple interest accruing monthly.
- The Note is secured by a mortgage on the customer's property.
- There is no prepayment penalty.
This Canada Line of Credit Promissory Note
is provided in MS Word format, and is easy to edit and use.