Business Sale Asset With Loan In North Carolina

Category:

Small Business - Business Sale

State:

Multi-State

Control #:

US-00418

Format:

Instant download

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Description

This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.

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Yes, you can sell a business with an SBA loan, but not without taking certain important measures. The most crucial measure is obtaining lender approval.You also need a collateral agreement (often called a UCC filing) if the sale includes physical assets. Small business financing in North Carolina involves several key steps. Eligibility is crucial; owners must have solid personal and business credit scores. In an asset sale, specific assets and liabilities are individually transferred from the buyer to the seller at closing via a bill of sale. Asset Purchase Agreement. An asset purchase agreement (APA) will outline the details of the sale. You must prepare a sales agreement to sell your business officially. This document allows for the purchase of assets or stock of a corporation.

Business Sale Asset With Loan In North Carolina

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