Balloon Note In Business In San Diego
Category:
State:
Multi-State
County:
San Diego
Control #:
US-00425BG
Format:
Word;
Rich Text
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Description
A Balloon Note is a Promissory Note that has one large payment (the balloon payment) that is due upon maturity. A balloon note will often have the advantage of a very low interest rate, thus requiring little capital outlay during the life of the loan. The major problem with such a loan is that the borrower needs to be self-disciplined in preparing for the large balloon payment due when the loan matures. Of course refinancing the note upon maturity is always a possibility.
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Note that should your proposed business be located within a residential zone, it is required to comply with the Home Occupations requirements per IBMC Section. The California Department of Real Estate has published this booklet in response to an apparent need for information concerning disclosures.A balloon payment is a lump sum payment that is significantly larger than the monthly payments and paid at the end of a loan's term. In person: Visit one of office locations to complete the Business Property Statement. San Diego became one of California's original 27 counties on February 18, 1850, shortly after California became the 31st State in the Union. Five times the impact of our reusable ground pole kit! The use of two cluster arms allows this kit to hold five reusable balloons at once!