Thanks for your question and good evening.

If you are going to lend money here at the lease you need a signed promissory note from the individual here not an LLC or other entity.Even an unsecured note in the event of default would require you to sue them and seek a judgment and then try to collect here.But you definitely want a signed promissory note in your hands before you would release the funds.

Anything less will make collection suit on your part much harder.Here is a sample unsecured note.You are free to modify it to your terms and facts.

You may also want to consider a local Washington state lawyer to help in drafting this promissory note.That way you know your rights are protected to the extent you can with an unsecured note.

http://www.attys.org/sample-promissory-note.html

Second form you can click free preview and review it.

http://www.uslegalforms.com/us/US-00601-B.htm

Overall lending money on an unsecured note is risky and will require a lawyer to file suit if the person defaults.But you want to make sure that it is signed by the individual not any LLC or other entity.That would make it even harder to collect.

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Information provided here is not legal advice. Rather it is simply general information. This communication does not establish an attorney-client relationship.

A promissory note here offers you more protection than an e-mail.It would be m uch easier to try and enforce and collect if there is default.