The Business Seller Financing Agreement serves as a crucial document when traditional financing options may be unavailable or less favorable for business acquisitions. This agreement, commonly used in the United States, enables sellers to facilitate the sale of their business by offering direct financing to qualified buyers. The document typically includes comprehensive terms covering purchase price, payment structure, security interests, and default provisions. It must comply with both federal and state-specific regulations governing commercial lending and secured transactions. This arrangement can be particularly beneficial for small to medium-sized business transactions where bank financing might be challenging to obtain.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the seller and buyer, including full legal names and addresses
2. Background: Provides context of the sale and financing arrangement
3. Definitions: Defines key terms used throughout the agreement
4. Purchase Price and Payment Terms: Details the total purchase price, down payment, and financing terms
5. Interest Rate and Payment Schedule: Specifies interest rate, payment amounts, and payment schedule
6. Security Interest: Describes collateral securing the loan
7. Default Provisions: Defines events of default and consequences
8. Representations and Warranties: States parties' assertions about their authority and business condition
9. Governing Law: Specifies applicable jurisdiction and law
1. Personal Guarantee: Additional security provision required when the buyer is a corporation or limited liability entity
2. Prepayment Provisions: Terms and conditions for early payment of the loan, including any prepayment penalties or benefits
3. Insurance Requirements: Specifies required insurance coverage for valuable assets serving as collateral
4. Transfer Restrictions: Limitations on selling or transferring the business during the loan term to ensure continuity of operations
1. Payment Schedule: Detailed amortization schedule showing payments, interest, and principal
2. Asset Schedule: Detailed list of assets serving as collateral
3. Business Valuation Report: Independent valuation supporting the purchase price
4. Personal Financial Statement: Buyer's financial information if personal guarantee is included
5. UCC Financing Statements: Forms for recording security interest in collateral
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Unsecured Loan Agreement Between Two Companies
A U.S.-governed agreement establishing terms for an unsecured loan between two companies, including repayment obligations and default provisions.
find out more
Unsecured Loan Agreement Between Company And Individual
A U.S.-governed agreement establishing terms for an unsecured loan between a company and individual borrower.
find out more
Financing Condition Purchase Agreement
A U.S. legal agreement that establishes terms for a purchase contingent upon the buyer securing financing.
find out more
Cash Loan Agreement
A U.S.-governed agreement documenting terms and conditions for a cash loan between a lender and borrower, including repayment terms and applicable interest rates.
find out more
Loan Agreement Secured By Property
A U.S. legal agreement documenting a loan secured by property as collateral, compliant with federal and state lending laws.
find out more
Equity Participation Loan Agreement
A U.S.-governed agreement combining debt financing with equity participation rights, providing lenders with both interest payments and equity-based returns.
find out more
Private Party Auto Loan Contract
A U.S.-governed legal agreement between private parties for vehicle financing, establishing loan terms and security interests.
find out more
Revolving Line Of Credit Loan Agreement
A U.S.-governed agreement establishing a revolving credit facility that allows repeated borrowing and repayment up to a specified limit.
find out more
Retail Installment Credit Agreement
A U.S.-governed agreement establishing terms for retail credit purchases, including payment schedules and finance charges, compliant with federal and state regulations.
find out more
Partnership Deed For Finance Business
A U.S.-governed legal agreement establishing the terms and structure of a financial services partnership.
find out more
Municipal Lease Purchase Agreement
A U.S.-specific financing agreement allowing municipalities to lease and eventually purchase essential equipment while complying with governmental debt limitations.
find out more
Owner Financing Business Contract
A U.S. legal agreement where a business seller provides direct financing to the buyer, combining elements of both sale and loan agreements.
find out more
Seller Financing Contract For Deed
A U.S. legal agreement where the property seller provides financing and retains title until the buyer completes all installment payments.
find out more
Standard Trade Credit Agreement
A U.S.-governed agreement establishing terms for business-to-business trade credit arrangements, including credit limits, payment terms, and security requirements.
find out more
Owner Financing Lease Purchase Agreement
A U.S. legal agreement combining property lease terms with owner-financed purchase provisions, subject to federal and state real estate laws.
find out more
Tri Party Loan Agreement
A U.S.-governed agreement establishing loan terms between three parties (lender, borrower, and security agent), defining loan conditions and security arrangements.
find out more
Rehabilitation Loan Agreement
A U.S. legal agreement governing the terms of a loan specifically provided for property rehabilitation purposes, including construction requirements and disbursement conditions.
find out more
Future Receivables Factoring Agreement
A U.S.-governed agreement for the purchase and sale of future receivables, enabling businesses to obtain immediate capital through factoring.
find out more
Owner Financing Contract For Deed
A U.S. legal agreement where the property seller finances the purchase and retains legal title until the buyer completes all payments.
find out more
Production Financing Distribution Agreement
A U.S.-governed agreement combining production funding, creative control, and distribution rights for entertainment content.
find out more
Bill Of Sale Finance Agreement
A U.S. legal document combining property sale terms with financing arrangements, governed by federal and state commercial laws.
find out more
Auto Loan Agreement
A U.S.-compliant legal agreement documenting terms and conditions for vehicle financing between a lender and borrower.
find out more
Loan Payoff Agreement
A U.S. legal document that establishes terms and conditions for settling a loan in full, including payoff amount and release provisions.
find out more
Commercial Finance Agreement
A U.S.-governed agreement establishing terms for commercial financing between a lender and business borrower, subject to federal and state commercial lending laws.
find out more
Simple Loan Agreement Between Friends
A legally binding U.S. agreement that formalizes a loan arrangement between friends, including loan terms and repayment conditions.
find out more
Master Asset Finance Agreement
A U.S.-governed agreement establishing terms for multiple asset financing transactions under a single master framework.
find out more
Loan Agreement Shareholder To Company
A U.S.-governed agreement documenting terms of a loan from a shareholder to their company, including amount, interest, and repayment conditions.
find out more
Individual Loan Agreement
A U.S.-compliant legal agreement documenting terms and conditions between a lender and individual borrower for a loan transaction.
find out more
Auto Loan Agreement Between Friends
A U.S.-governed loan agreement between friends for vehicle financing, establishing terms and security interest in the vehicle.
find out more
Small Credit Agreement
A U.S.-compliant agreement establishing terms and conditions for small-scale lending between a financial institution and borrower.
find out more
Recourse Loan Agreement
A U.S.-governed agreement establishing terms for a loan where the lender has rights to pursue the borrower's assets beyond collateral in case of default.
find out more
Loan Amortization Agreement
A U.S.-governed agreement establishing loan repayment terms and schedule, including principal and interest payment obligations.
find out more
Car Payment Plan Contract
A U.S.-governed legal agreement establishing terms and conditions for vehicle financing between lender and borrower.
find out more
Medical Equipment Loan Agreement
A U.S.-compliant agreement governing the temporary transfer of medical equipment between parties, including terms of use, maintenance, and liability.
find out more
Simple Loan Note Agreement
A U.S.-compliant legal document establishing loan terms between lender and borrower, including principal, interest, and repayment conditions.
find out more
Monthly Payment Plan Agreement
A U.S.-compliant legal agreement establishing terms for structured monthly payments between a creditor and debtor.
find out more
Floor Plan Financing Agreement
A U.S.-governed agreement establishing terms for inventory-secured revolving credit between a lender and dealer.
find out more
Employee Car Loan Agreement
A U.S.-governed agreement between employer and employee for vehicle financing through company-provided loans with payroll deduction arrangements.
find out more
Deed Of Trust Loan Agreement
A US legal document creating a three-party security interest in real property to secure a loan, commonly used as an alternative to mortgages in several states.
find out more
Business Seller Financing Agreement
A U.S. legal agreement where a business seller provides direct financing to the buyer, outlining sale terms and payment conditions.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)