Proposal to finance the purchase of a medical clinic.
I wish to obtain financing of 2,000,000 SAR to purchase an existing and fully equipped medical clinic. The purchase price is two million SAR, including the medical equipment and furnishings.
In return for the financing, I commit to repaying a total amount of 2,500,000 SAR within a period ranging from one to one and a half years, according to the following mechanism:
* First two months grace period.
* Starting from the third month, a monthly payment of 100,000 SAR will be made.
* At the end of the agreed period, the entire remaining balance will be paid in a lump sum.
To guarantee the full rights of the financier, I am prepared to provide all agreed-upon legal guarantees, including issuing a promissory note, check, or order bond for the amounts due, in addition to providing the medical clinic being purchased, and its equipment and furnishings, as additional collateral. The purchase value of the asset subject to financing is 2,000,000 SAR.
In case of non-compliance with repayment, the financier has the right to recourse to the provided guarantees and take the necessary legal actions to collect all his dues, including enforcing the collateral asset and disposing of it in accordance with the law and what is agreed upon and documented between the two parties.