About this template
An IOU template is a simple and effective way to record personal or business lending arrangements without the need for complex contracts. It captures important details such as the loan amount, repayment terms, due date, interest (if applicable), and signatures from both parties. Having a written record ensures clarity, prevents misunderstandings, and provides accountability for both the lender and borrower. By using a structured IOU form, you create a clear acknowledgment of debt that can serve as proof in case of disputes.
These templates are easy to customize and can be adapted for different situations, whether you are lending money to a friend, managing small business loans, or documenting employee cash advances. An IOU template offers a professional format that helps keep financial records accurate and organized. It saves time, provides peace of mind, and ensures that both parties have a reliable reference for the agreement.
