Products tagged with 'merchant cash advance 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