Promissory Note: P/N

A promissory note is a short-term lending facility with less than 1-year repayment period. It is typically designed to support the customer’s working capital requirement or business expense.  The lending can be in the form of one-time P/N or revolving P/N to fit in with the business purpose.  

Benefits to the Customers 

• Provide short-term financing whenever needed. 
• Enhance financial liquidity in order to ensure business continuity. 
• Loan term can be determined in accordance with business requirement.   
• Available in various forms consonant with business purpose.