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Secured Promissory Note

Draft Secured Promissory Notes in Minutes, Not Hours

12 minutes with CaseMark

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Secured Promissory Note

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Workflow

Secured Promissory Note

Overview

CaseMark's Secured Promissory Note skill uses AI to draft comprehensive, enforceable promissory notes for commercial lending transactions. It generates lender-protective provisions, UCC Article 9 collateral grants, and state-compliant interest and fee structures — transforming what typically takes hours of manual drafting into a streamlined, guided workflow.

Drafting secured promissory notes for commercial loans is a time-intensive process requiring careful attention to interest calculations, collateral descriptions, UCC compliance, and state-specific usury limits. Even experienced attorneys spend hours assembling provisions, cross-referencing deal terms, and ensuring enforceability — with costly errors possible at every step.

CaseMark automates the entire drafting workflow by collecting structured deal inputs and generating a complete secured promissory note with lender-protective terms, UCC Article 9 collateral grants, and state usury compliance built in. The AI handles the heavy lifting of provision assembly and cross-referencing, letting attorneys focus on deal strategy and final review.

How it works

  1. 1. Provide borrower/lender details, deal terms, and collateral descriptions

  2. 2. AI drafts a complete secured promissory note with lender-protective provisions and UCC compliance

  3. 3. Review the generated note, customize optional clauses, and verify state-specific requirements

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

What you get

  • Secured Promissory Note (Full Draft)

  • Recitals and Definitions

  • Payment Terms and Interest Provisions

  • Collateral Grant and UCC Article 9 Language

  • Default and Remedies Provisions

  • Covenants and Representations

  • Notice and General Provisions

  • Signature Blocks and Exhibits

  • Drafting Review Checklist

What it handles

  • Complete UCC Article 9 collateral grant language with filing jurisdiction guidance

  • Lender-protective default, acceleration, and cross-default provisions

  • Flexible interest structures including fixed, variable, floor/cap, and day-count conventions

  • State usury compliance checks and default rate validation

  • Prepayment, late fee, and grace period customization

  • Integrated review checklist for enforceability and completeness

Required documents

  • Deal Terms Summary

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

    .pdf, .docx, .txt

  • Party Information

    Legal names, entity types, states of formation, addresses, and authorized signatories for borrower and lender

    .pdf, .docx, .txt

  • Collateral Description

    Detailed description of collateral with UCC Article 9 categories, itemized assets, and filing jurisdiction information

    .pdf, .docx, .txt

Supporting documents

  • Security Agreement

    Related security agreement for cross-referencing collateral terms and defined terms

    .pdf, .docx

  • Guaranty Agreement

    Any personal or corporate guaranty to be referenced in the promissory note

    .pdf, .docx

  • Subordination or Intercreditor Agreement

    Existing subordination or intercreditor arrangements affecting priority or payment waterfall

    .pdf, .docx

  • Board or Manager Resolutions

    Corporate or LLC approvals authorizing the borrowing and execution of loan documents

    .pdf, .docx

Why teams use it

Reduce drafting time from hours to minutes with AI-generated notes that follow market-standard structures

Minimize risk with built-in usury compliance checks, enforceability safeguards, and lender-protective default provisions

Ensure UCC Article 9 sufficiency with detailed collateral descriptions and filing jurisdiction guidance

Maintain consistency across transaction documents with structured intake fields and integrated review checklists

Questions

What types of secured promissory notes can CaseMark draft?

CaseMark drafts secured promissory notes for commercial lending transactions with fixed or variable interest rates, amortizing or balloon payment structures, and comprehensive UCC Article 9 collateral grants. The tool supports a wide range of deal structures common in middle-market and commercial lending.

Does the AI handle UCC Article 9 collateral descriptions?

Yes. CaseMark generates detailed collateral descriptions that meet UCC Article 9 sufficiency requirements, including both category-level and itemized descriptions. It also identifies the appropriate UCC filing jurisdictions based on debtor location and collateral type.

How does CaseMark address state usury compliance?

CaseMark flags interest rates, default rates, and late fees against applicable state usury limits based on the governing law you select. The AI includes standard usury savings clauses and alerts you to potential compliance issues before finalizing the draft.

Can I include cross-default and intercreditor provisions?

Absolutely. CaseMark supports optional clauses for cross-default thresholds, subordination references, and intercreditor agreement tie-ins. Simply indicate these requirements during intake and the AI will incorporate the appropriate provisions.

Is the output ready to execute or does it require attorney review?

CaseMark produces a comprehensive, professionally structured draft that significantly accelerates the drafting process. However, all generated documents should be reviewed by qualified legal counsel to confirm deal-specific accuracy, state law compliance, and alignment with related transaction documents.

What related documents should I have on hand when using this skill?

For the best results, have your security agreement, any guaranty or subordination agreements, board or manager approval resolutions, and organizational documents available. CaseMark can cross-reference these to ensure consistency across your transaction documentation.

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