[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Title] [Company Name] [Address] [City, State, ZIP] Subject: Request for Extension of Time on Promissory Note Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to request a time extension on the promissory note [number], which was executed on [date]. Due to unforeseen circumstances, I am unable to fulfill the payment obligations within the originally agreed timeline. I would like to emphasize my commitment to fulfilling this obligation and maintaining a mutually beneficial relationship. Despite the temporary setback, I am confident about meeting my financial obligations. However, I sincerely request an extension of [number of days/weeks] to allow me sufficient time to gather the necessary funds. With respect to the terms outlined in the original agreement, I would like to propose the following terms for the extension: 1. Extended Due Date: The repayment deadline should be extended from the original [original due date] to [proposed new due date]. 2. Revised Payment Schedule: If a lump sum payment is not possible by the new due date, I request permission to pay in installments over [number of months/years]. I assure you that I will make the payments promptly and in full to honor the original terms. 3. Additional Costs: If any additional interest or fees are applicable due to this extension, please provide me with a detailed breakdown so that I can adjust my financial planning accordingly. I understand that this request may cause inconvenience and I genuinely apologize for any disruption caused. However, I believe that granting this extension will strengthen our business relationship and demonstrate my commitment to upholding my financial responsibilities. I kindly request your prompt consideration of this extension request. To further discuss this matter, I am available at your convenience. Please feel free to contact me via phone or email provided above. Thank you for your understanding and cooperation. I sincerely appreciate your support and look forward to resolving this situation amicably. Yours faithfully, [Your Name]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.