BBB Southern Alberta SSL, SSL Certificates, Secure Sockets Layer McAfee Secure sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Forms Categories

StarReviews.com

$24.99

Document Id : 491

File Type : Microsoft Word

PREVIEW (PDF)

Rate This Document!

Be the first to rate this document!

Share This Document

Share on Twitter

USA Merchant Cash Advance Agreement

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.

Other customers who purchased this document also purchased:

Questions?

Call 1-866-634-2369 Or email us @ support@megadox.com

The power to illuminate lives.

Free Stuff Fridays!