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:
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