Notes payable is accounting-speak for promissory notes, written commitments that say you've borrowed money and have to pay it back. Like other outstanding debts, notes payable affect your bottom line.
Unlike an accounts payable debt, a notes payable debt is backed by a promissory note such as a loan agreement or other contract. If your company takes on debt or makes a purchase of goods or services ...
An increasingly popular method we see for a company to raise capital is through a convertible promissory note financing (“note financing”). Note financing is a time- and cost-effective alternative to ...