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Promissory Note Extension Agreement

Free promissory note extension agreement template — extends the repayment deadline on an existing loan.

This free promissory note extension agreement covers 1. Extension, 2. Remaining Balance, 3. Terms During Extension, 4. No Other Changes with 6 clearly marked [placeholder] fields to fill in — built for small businesses and individuals documenting a loan or expense putting financial terms in writing so both sides have a clear, shared record. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.

Template — click to edit

Promissory Note Extension Agreement

Original Note: [Reference — date and parties of the original promissory note] Lender: [Name] Borrower: [Name] Date of Extension: [Date]

1. Extension

The parties agree to extend the maturity date of the original promissory note from [Original Date] to [New Date].

2. Remaining Balance

As of this extension, the outstanding balance is [Amount], including any accrued interest.

3. Terms During Extension

[State whether the interest rate, payment schedule, or other terms change during the extension, or state "All other terms of the original note remain unchanged."]

4. No Other Changes

Except as stated above, all other terms of the original promissory note remain in full force and effect.


Lender: ______________________ Date: ____________ Borrower: ______________________ Date: ____________

*Getting an extension in writing — rather than an informal "take your time" — protects both sides if there's ever a dispute about whether the loan is actually in default.*

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What's included

Who this template is for

Freelancers & solo founders

Handling routine business paperwork without commissioning custom legal drafting for every document.

Small businesses

Standardizing recurring documents — leases, agreements, notices — across a growing operation.

Anyone reviewing before signing

Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.

Informal lending & reimbursements

Money changing hands between people or a business and its team, without a bank's paperwork.

FAQ

Is this promissory note extension agreement template really free?

Yes — this Promissory Note Extension Agreement template on docstoc is free to view, edit online, and download as a PDF with no account or signup required.

What does this promissory note extension agreement cover?

This finance template includes 1. Extension, 2. Remaining Balance, 3. Terms During Extension, 4. No Other Changes. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.

Is this legal advice?

No. Financial documents like this can touch usury limits, lending disclosure rules, or tax treatment that vary by state and by amount — details a general template can't know. Have an accountant or attorney review the actual terms before money changes hands based on this.

Can I edit the wording?

Yes — edit directly on the page, adjust any section or clause, and re-fill the 6 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.

Where can I find more free templates like this?

Browse more free finance and related document templates in the docstoc library at /document-templates/.

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