Loan Note (with interest) - Company limited by guarantee (club/charity) or CIO (charity)
This Loan Note (with interest) - Company limited by guarantee (club/charity) or CIO (charity) is suitable for borrowing on an ordinary commercial basis where interest on the loan is to be payable and there will be a substantial number of lenders (e.g. the membership or supporter base of a charity or club).
This template can be used by:
• a charity borrowing from any of its board of trustees/directors;
• a club borrowing from any of its directors; or
• a charity or a club borrowing from any members or supporters, private individuals, banks or other organisations.
This template can only be used by a charity or club which is a corporate body. If a charity or club which is an unincorporated association wishes to raise finance, it should use one of the forms of Promissory Note for an unincorporated association included in this Subfolder.
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