Mortgage Note

A formal note used in conjunction with a deed of trust to collateralize land and the associated buildings is called a mortgage note. Most of these notes are extended long term type and have a fixed rate associated with them.

The Different Types of Bank Loans

Types of Bank Loans

There are many different types of bank loans, each having their own respective purpose.  All bank loans are categorized into two distinct groupings; secured and unsecured loans.  Within in each category of loans there are several different sub-types of bank notes used to make a loan.  Both categories require the owner of the small business to provide a personal guarantee to ensure the loan is paid back. 

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