Balloon Promissory Note
A loan with small periodic payments and a large final 'balloon' payment. Common for short-term financing and bridge loans.
Why you need one
Lower monthly payments
Smaller periodic payments during the loan term with a larger lump sum at the end.
Clear balloon terms
Defines exactly when the balloon payment is due and what happens if it's not paid.
Default protection
Includes acceleration clauses if the borrower defaults on any payment.
Flexible structure
Works for bridge loans, seller financing, and situations where the borrower expects a lump sum later.
How it works
Answer a few questions
Takes about 10 minutes. Progress is saved as you go.
Pay a flat fee
Stripe checkout — cards + Apple Pay + Google Pay accepted.
Our expert team drafts it
State-specific, reviewed by an expert or partner attorney. 2 business days.
Download + sign
Delivered to your /account dashboard. Sign digitally or print + notarize.
What's in your document
- Loan amount
- Interest rate
- Periodic payment schedule
- Balloon payment terms
- Default & acceleration
- Prepayment
Make it legal — after you receive it
Both parties sign
Lender and borrower sign. Notarization is recommended.
Understand the balloon
The borrower must understand the large final payment is due in full.
Keep the original safe
The lender keeps the original. The borrower gets a copy.
Pairs well with
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- State-specific — every state's format supported
- Delivered to your /account dashboard within 2 business days
- CPA + attorney review before delivery
- Free amendments for 30 days