Issue a Vendor Bond
Financing the sale of your Business can make it more attractive.
Set up a debtor’s ledger and receive monthly instalments.
Be your own Bank! Make what you are selling more affordable to more buyers. Issue a Vendor Bond for financing the sale & purchase of a business, or for financing other goods or services.
Once in receipt of your completed order (below), we will immediately provide the nominated Vendor with a Terms Sheet for completion and return by way of acceptance of the terms, amendment or otherwise.
An Order/Processing Fee of $247.50 (Inc. GST) will become due & payable only if and when agreement to the terms of the loan has been reached by all parties to the transaction.
1. Once the Vendor Bond Application has been completed and returned, a Terms Sheet will be prepared & forwarded to the parties to the Loan. The Terms Sheet sets out the terms and conditions of the Loan and what security will be provided (if any).
2. Once both parties have signed off on the Terms Sheet, Austpac Ventures administration will prepare the Vendor Bond, which is then sent by registered post to the Borrower to be signed and witnessed. The Lender (Payee) receives & holds the signed and witnessed original and the Borrower keeps a copy. The parties will each receive a copy of the loan repayment schedule.
3. Austpac Ventures keep a register of each Vendor Bond issued in the event it becomes destroyed, lost or stolen.
Allow 3 to 5 days after submitting your application for the Vendor Bond to issue.