← All workflows

Secured Promissory Note

Draft Secured Promissory Notes in Minutes, Not Hours

12 minutes with CaseMark

Fast lane

We have it from here.

Choose the fast one-off run here, or jump into the workspace when you want saved history, revisions, and a fuller matter workflow.

Run this once here

Best for a quick one-off job. Add your email, upload the files, and we'll run the workflow and send the result to your inbox.

1. Add your email so we know where to send the result.

2. Upload the files you want analyzed.

3. Run the workflow and we'll take it from there.

Use in Workspace

Best for ongoing matters

Save and reopen matters, keep documents together, refine the output, rerun with changes, and export or share polished work product when you're done.

Open in Workspace

Need more context?

Scroll for the workflow details below if you want to review what this run handles, what documents help, and what the output looks like.

If this is part of a live matter, the workspace is the better fit: you can keep your documents together, revisit the result, and keep working without starting from scratch.

Jump to detailsOpen in Workspace

Start here

Run this workflow now

Best for a fast one-off run. Add your email, upload the files, and we'll deliver the result without sending you into the full app.

Workflow

Secured Promissory Note

Step 1 · Deliver to

Step 3 · Run this workflow

Workflow

Secured Promissory Note

Overview

CaseMark's Secured Promissory Note skill automates the drafting of enforceable, lender-protective promissory notes for U.S. commercial lending transactions. It handles complex deal structures including variable interest rates, UCC Article 9 collateral grants, and multi-jurisdiction filing requirements. The AI produces a complete, review-ready document with built-in compliance checks and a comprehensive review checklist.

Drafting secured promissory notes for commercial loans is a time-intensive process requiring careful attention to deal-specific terms, UCC Article 9 compliance, state usury limits, and lender-protective provisions. Missing a single clause or miscalculating a rate threshold can expose lenders to significant legal and financial risk. Associates and paralegals often spend hours assembling these documents from precedent files, introducing inconsistency and human error.

CaseMark's AI-powered drafting tool transforms the secured promissory note workflow by automating the entire process from intake to final review. The system collects deal terms through a structured intake, generates a complete draft with all required and deal-specific optional clauses, and runs a compliance checklist to flag potential issues. The result is a consistent, enforceable document produced in a fraction of the traditional time.

How it works

  1. 1. Upload your deal term sheet, party details, and collateral information

  2. 2. AI analyzes terms and drafts a complete secured promissory note with lender-protective provisions

  3. 3. Review the draft, customize optional clauses, and verify compliance flags

  4. 4. Export the finalized note in your preferred format (DOCX, PDF)

What you get

  • Secured Promissory Note (Full Draft)

  • Collateral Description Schedule

  • UCC Filing Jurisdiction Summary

  • Payment Amortization Schedule

  • Review Checklist and Compliance Notes

What it handles

  • Comprehensive deal-term intake with automatic gap flagging

  • UCC Article 9 compliant collateral descriptions and filing guidance

  • State usury law compliance checks and default rate validation

  • Lender-protective covenants, cross-default, and acceleration clauses

  • Flexible interest structures including fixed, variable, floor/cap terms

  • Built-in review checklist for enforceability and completeness

Required documents

  • Deal Term Sheet

    Summary of loan terms including principal, interest rate, payment schedule, maturity date, and prepayment provisions

    .pdf, .docx, .xlsx

  • Party Information

    Legal names, entity types, formation states, addresses, and authorized signatory details for borrower and lender

    .pdf, .docx

  • Collateral Schedule

    Detailed description of collateral with category and itemized detail sufficient for UCC Article 9 compliance

    .pdf, .docx, .xlsx

Supporting documents

  • Security Agreement

    Existing or draft security agreement to ensure consistency with the promissory note terms

    .pdf, .docx

  • Guaranty Agreement

    Personal or corporate guaranty to be cross-referenced in the note

    .pdf, .docx

  • Subordination or Intercreditor Agreement

    Existing subordination or intercreditor terms that may affect note provisions

    .pdf, .docx

  • Board or Manager Resolutions

    Corporate or LLC authorization approving the borrowing and granting of security interest

    .pdf, .docx

Why teams use it

Reduce drafting time from hours to minutes while maintaining institutional-quality output

Minimize compliance risk with automated usury law checks and UCC Article 9 guidance

Ensure deal completeness with structured intake that flags unresolved terms before drafting

Maintain consistency across your lending portfolio with standardized, customizable templates

Questions

Does the AI ensure compliance with state usury laws?

Yes. CaseMark flags interest rates and default rates against applicable state usury limits based on your selected governing law. You should always confirm with local counsel, but the tool provides built-in guardrails to catch common compliance issues.

Can I draft notes with variable interest rate structures?

Absolutely. CaseMark supports fixed rates, variable rates tied to SOFR or other indices, margin adjustments, and floor/cap provisions. Simply specify your interest structure in the deal term sheet and the AI will draft the appropriate rate mechanics.

How does the tool handle UCC Article 9 collateral descriptions?

CaseMark generates collateral descriptions with sufficient specificity for UCC Article 9 attachment and perfection. It supports both category-based and itemized descriptions and identifies the correct filing jurisdictions based on debtor location and collateral type.

Can I include cross-default and subordination provisions?

Yes. CaseMark includes optional clauses for cross-default thresholds, subordination language, and intercreditor references. These are triggered based on your deal specifics so the note only includes provisions relevant to your transaction.

Is the generated note ready to execute as-is?

CaseMark produces a comprehensive, professionally drafted note that serves as a strong starting point. However, all legal documents should be reviewed by qualified counsel before execution. The built-in review checklist helps ensure nothing is overlooked.

What types of commercial loans does this support?

CaseMark's secured promissory note skill handles term loans, balloon payment structures, amortizing loans, and other common commercial lending arrangements. It is designed for U.S. commercial transactions between sophisticated parties.

Related

Access and Indemnity Agreement (Due Diligence)

Draft Property Access Agreements in Minutes with AI

Access Indemnity Agreement

Draft Access & Indemnity Agreements in Minutes

Ad Fund Agreement

Draft Ad Fund Agreements in Minutes, Not Hours