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.
Business Sale Asset With Loan In Virginia
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State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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Sale of an asset in which the LLC carrys the loan. 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. Each sale has different pros and cons. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. During the due diligence phase the buyer should secure financing, obtain licenses and insurance and set up an entity to own the assets or acquire the stock.