Loan Buddy

Loan Buddy is an online application to assist friends and famlies in creating and documenting loans. These related-party loans typically include simple terms and repayment schedules.

Loan Buddy will include these features at no cost:

  • Promissory note
  • Repayment (amortization schedule)
  • Recording of payments and current balance

Loan Buddy will include these features as paid extras:

  • automatic application of payments based on banking activity
  • Generation of 1099s for tax purposes
  • Consultation with an attorney for more complex real-estate transactions