Products tagged with 'receivables loan agreement'

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Merchant Cash Advance Agreement | USA

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 template is a downloadable and fully editable Microsoft Word document.
Intended to be used only in the United States.

$29.99

The information required in the 3-page application form includes:
- information about the merchant's business,
- information about the owners of the business,
- financial and sales information,
- disclosure about liens, lawsuits or judgments against the business.
This is a downloadable and fully editable Microsoft Word document. Buy the form once, use it as often as required.
Intended for use in the United States only.

$4.99

The Agreement is part of the documentation that the borrower must provide to the lender, to secure a loan or line of credit.
The Agreement grants the lender a security interest in all of the borrower's present and future personal property including inventory, equipment, accounts receivable and book debts.
The form is governed by Canadian laws and can be used in any province or territory which has Personal Property Security Act legislation.
Buy and download the template in MS Word format. Other formats available on request.

$17.99

Under this Agreement (also called a debt purchase contract), a company needing cash for operations sells its accounts receivable to a factor (buyer) for an immediate cash injection, at a discounted rate off the face value of the accounts.
The buyer has full recourse against the seller for the full amount of any receivable which is not paid or disputed by a customer, together with interest on unpaid accounts.
The template is provided in MS Word format and is fully editable to meet your needs.
This is a Canadian legal form which can be used in most provinces and territories.

$29.99

Under this Agreement (also called a debt purchase contract), a company needing cash for operations sells its accounts receivable to a factor for an immediate cash injection, at a discounted rate off the face value of the accounts.
The factor has only limited recourse against the seller for the amount of any receivable which is not paid or disputed by a customer, plus interest on unpaid accounts, up to a predetermined limit.
The factor will also pay the seller any excess funds received by the factor on customer accounts.
This legal contract template is available in MS Word format.
Governed by Canadian laws and intended for use only in Canada.

$29.99