One Set of Documents.
One Industry Standard.
What the ISDA Master Agreement did for derivatives, SFSB model documents do for seller finance. When every deal is papered the same way, every note is easier to underwrite, easier to service, and easier to sell.
The Library
The Standard Documents
Attorney-drafted, board-reviewed, and updated as law and practice evolve. Free to download with an SFSB account.
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Form of Promissory Note
The seller note. Installment payments, interest and default interest, prepayment without penalty, a grant of a security interest in the buyer's assets, quarterly financial reporting and optional minimum-liquidity covenants, events of default, and free assignability so the note can be sold.
Create a free account to downloadForm of Security Agreement
Grants the note holder a first-priority lien on the buyer's personal property, authorizes UCC filings and a power of attorney, and sets out collateral covenants, events of default, and Article 9 remedies.
Create a free account to downloadForm of Personal Guaranty
A joint and several guaranty of payment from the buyer's principals, with standard waivers, reinstatement, subrogation and subordination provisions, and guarantor tax-return reporting.
Create a free account to downloadForm of Deposit Account Control Agreement
A three-party agreement among the buyer, the note holder, and the buyer's bank that perfects the holder's security interest in a deposit account by control and lets the holder direct the account after notice.
Create a free account to downloadForm UCC-1 Financing Statement
The standard national UCC-1 form for filing public notice of the security interest with the debtor's state filing office.
Create a free account to downloadForm of Affidavit of Lost Promissory Note
For an original note that is lost, destroyed, or stolen: the holder certifies ownership and indemnifies the issuer so a replacement note can be issued.
Create a free account to downloadFor Sellers
A note written on the standard documents is worth more, because buyers of notes can underwrite it quickly and trust what is inside.
For Brokers & Advisors
Stop reinventing the deal file. Standard documents mean faster closings, fewer attorney hours, and fewer surprises in diligence.
For Note Investors
Uniform paper is investable paper. Standardized terms, guarantees, and collateral make seller notes a scalable asset class.
Download the Standard Documents
The full form loan document library is free with an SFSB account. Membership adds webinars, the regulatory tracker, a directory listing, and $200 off the SFA® certification for $99 a year.
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