IOU for Small Business (I OWE YOU)
1. Parties Involved:
Issuer (Employee):
Recipient (Employer):
Company Name: [YOUR COMPANY NAME]
Address: [YOUR COMPANY ADDRESS]
Contact Information: [YOUR COMPANY EMAIL]
2. Amount Owed:
3. Purpose of Advance:
4. Repayment Terms:
Repayment Schedule:
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
