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    Merchant Cash Advance Agreement | USA

    $29.99

    Make a cash advance to a US merchant against its future credit card receivables with this template USA Merchant Cash Advance Agreement.

    • The merchant sells to the cash advance company all of its right in a percentage of its future credit card sales for an immediate cash injection, until a specified amount has been paid.
    • The purchase and sale of the credit card receivables constitutes a sale of accounts under the Uniform Commercial Code, which vests full ownership in the cash advance company. The merchant has no right to repurchase or resell the receivables.
    • The merchant will authorize the credit card company to pay the credit card sales directly to the cash advance company until the specified amount is paid.
    • The merchant also grants the cash advance company a security interest in its accounts, inventory, assets, property, all future receivables, and the proceeds thereof.
    • The agreement also contains a Personal Guaranty form, to be given by the principal(s) of the merchant, who agree(s) to assume all of the merchant's obligations under the agreement.
    • This USA Merchant Cash Advance Agreement template is a downloadable and fully editable Microsoft Word document.
    Download Type: Microsoft Word
    Last Updated: 03-March-2021
    SKU: 491