Business Loan Agreement (Asset Based) Sample Contracts

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • May 15th, 2023 • TSS, Inc. • Services-management consulting services • Texas

References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. An item above containing “***” has been omitted due to text length limitations.

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BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • April 3rd, 2009 • Aspyra Inc • Services-computer integrated systems design

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated February 27, 2009, is made and executed between Aspyra, Inc. ("Borrower") and Western Commercial Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • November 10th, 2015 • Electromed, Inc. • Electromedical & electrotherapeutic apparatus • Minnesota

References in the boxes above are for Lender’s use only and do not limit the applicability of this document to any particular loan or item.

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • November 14th, 2017 • Ocean Bio Chem Inc • Specialty cleaning, polishing and sanitation preparations

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated August 31, 2017, is made and executed between OCEAN BIO-CHEM, INC. (“Borrower”) and REGIONS BANK (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • September 24th, 2014 • Mammoth Energy Partners LP • Oil & gas field services, nec

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated October 7, 2013, is made and executed between Redback Energy Services LLC (“Borrower”) and Legacy Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

EX-10.2 3 dex102.htm BUSINESS LOAN AGREEMENT (ASSET BASED) AND CHANGE IN TERMS AGREEMENT BUSINESS LOAN AGREEMENT (ASSET BASED) Principal Loan Date Maturity Loan No Call / Coll Account Officer Initials
Business Loan Agreement (Asset Based) • May 5th, 2020 • California

References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing “***” has been omitted due to text length limitations.

FIRST AMENDMENT TO BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • May 12th, 2016 • KeyStone Solutions, Inc. • Maryland

This FIRST AMENDMENT TO BUSINESS LOAN AGREEMENT (ASSET BASED) (“Amendment”) is dated as of May 9, 2016, by and between AOC KEY SOLUTIONS, INC., a Delaware corporation (“Borrower”) and SANDY SPRING BANK (“Lender”).

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • November 12th, 2009 • NYTEX Energy Holdings, Inc. • Texas

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated August 15, 2008, is made and executed between Supreme Vacuum Services, Inc. (“Borrower”) and Broadway National Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • February 12th, 2019 • Addvantage Technologies Group Inc • Wholesale-durable goods • Oklahoma
BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • December 11th, 2003 • Sterion Inc • Surgical & medical instruments & apparatus • Minnesota

References in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan or item. Any item above containing …. has been omitted due to text length limitations.

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • July 21st, 2020 • Better Choice Co Inc. • Beverages • California

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated July 15, 2020, is made and executed between Better Choice Company Inc.; Trupet LLC; Halo, Purely For Pets, Inc.; and Bona Vida, Inc. ("Borrower") and Citizens Business Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement. Notwithstanding anything contained in this Agreement, t

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • August 21st, 2007 • Willdan Group, Inc. • Services-engineering services • California

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated August 16, 2007, is made and executed between Willdan Group, Inc. (“Borrower”) and Orange County Business Bank (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement (“Loan”). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

SECOND AMENDMENT TO BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • March 30th, 2004 • Portland Brewing Co /Or/ • Malt beverages

References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations.

FIRST AMENDMENT TO BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • December 13th, 2017 • Torotel Inc • Electronic coils, transformers & other inductors

This First Amendment Agreement made and entered into this 30th day of October, 2017, by and between Torotel Products, Inc. (hereinafter referred to as “Borrower”) and Commerce Bank (hereinafter referred to as “Lender”);

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • May 12th, 2016 • KeyStone Solutions, Inc. • Maryland
BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • August 13th, 2015 • Gse Systems Inc • Services-prepackaged software • Alabama

References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations.

FIRST AMENDMENT TO BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • March 30th, 2004 • Portland Brewing Co /Or/ • Malt beverages

References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations.

BUSINESS LOAN AGREEMENT (ASSET BASED)
Business Loan Agreement (Asset Based) • October 6th, 2011 • Signature Group Holdings, Inc. • State commercial banks • California

THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated September 29, 2011, is made and executed between North American Breaker Co., Inc., a California corporation ("Borrower") and Pacific Western Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

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