Tier 2 Document Builder
Stock Pledge Agreement
Don't just act like a bank—secure yourself like one. The builder creates a legal mechanism so the buyer pledges the agency's stock as collateral. It validates coverage, mandates public filing, and gives you a way to take the agency back if the checks stop.
In most independent agency sales, the seller provides financing to close the deal. Yet many owners lend large sums with little more than a handshake or a simple note—and no collateral.
Without a security agreement, you're an unsecured creditor. If the buyer stops paying or goes bankrupt, you're at the back of the line. The Stock Pledge Agreement is the legal barrier between you and a total loss.
Your Loan Is Backed by the Business
The tool makes sure the buyer pledges enough of the company
Ideally 100%—you're not last in line if they stop paying
If you're lending part of the sale price, the tool makes sure the buyer pledges enough of the company (ideally 100%) so you're not last in line if they stop paying.
Pre-Signed Form So You Can Take Stock Back
Validated so you can take stock back without court
Enforcement mechanism in place
The tool validates a pre-signed form so you can take the stock back if they don't pay—without going to court. Your collateral is real, not just on paper.
File With the State and Renew Before It Expires
Filing required; unperfected interest flagged. Loan over 5 years? Renew before it expires.
No one jumps ahead; security doesn't expire mid-loan
The tool requires you to file with the state so your claim is on record and no one jumps ahead. If the loan is over 5 years, it reminds you to renew before the security expires so you're not left unprotected mid-loan.