IOU for Small Business (I OWE YOU)

---

1. Parties Involved:

• Issuer (Employee):

  • Name: [YOUR NAME]

  • Position: Sales Manager

  • Contact Information: [YOUR EMAIL]

• Recipient (Employer):

  • Company Name: [YOUR COMPANY NAME]

  • Address: [YOUR COMPANY ADDRESS]

  • Contact Information: [YOUR COMPANY EMAIL]

2. Amount Owed:

• $1,500.00 (One Thousand Five Hundred Dollars)

3. Purpose of Advance:

• The advance is provided to cover personal expenses related to an emergency.

4. Repayment Terms:

• Repayment Schedule:

  • The total amount of $1,500.00 is to be repaid in full by December 15, 2050.

• Installments:

  • The amount will be repaid in five monthly installments of $300.00 each.

  • First Installment Due: October 15, 2050

  • Subsequent Installments Due: 15th of each month thereafter, ending with the final installment on December 15, 2050.

5. Signatures:

[YOUR NAME]

Employee

Borrower

Matthew Wilson

HR Manager

Lender

6. Additional Terms:

• In the event that an installment is missed, the employee agrees to make the payment as soon as possible or make arrangements with the employer for an alternative payment schedule.

• This IOU will be kept as a record of the advance and the agreed-upon repayment terms.

IOU Templates @ Template.net