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Pennsylvania Unsecured Promissory Note Template

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Updated on February 15th, 2022

Pennsylvania unsecured promissory note allows an individual to borrow funds from another person or entity without securing the transaction with collateral. This agreement is less rigid than a standard loan agreement and more formal than an “IOU.” Many lenders will be hesitant to grant a loan without collateral pledged by the borrower and may prefer to use the secured promissory note or require a co-signer in order to reduce their financial risk.


Related Forms

Secured Promissory Note – A moneylender uses this type of loan agreement when they require collateral as security.

Download: PDFWord (.docx)OpenDocument