An Asset Purchase Agreement is a legally binding contract between a buyer and a seller that details the terms and conditions of the sale of a business's assets. SBA terms vary based on the asset you are financing.Consider long term SBA fixed asset financing to keep payments low. Sale of an asset in which the LLC carrys the loan. The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. For small businesses, one of the keys to survival is access to capital, which often comes in the form of small business loan in San Antonio. Asset sales are types of business transaction where buyers purchase assets from a business, and the sellers retain legal ownership of the company. To apply for a business loan, submit a Business Loan Application, a Personal Financial Statement and any other documents required for a business account. If you're interested in buying a business in the Houston, San Antonio or Austin areas, we can connect you with the right businesses for sale. A business owner will not be able to deduct paying off principal for auto, property or business loans from the proceeds to lessen the taxes he or she will owe.