Who Can Benefit from the Sale of Business Notes?
About 79% of all business sales involve seller financing. The seller will accept a cash down payment for part of the sale and a promissory note for the rest. Often the seller of the business may want to invest in other opportunities or investments. The seller may wish to achieve liquidity, pay off debts, medical bills, buy property, consider retirement and the list goes on and on. There are many reasons why the seller would rather receive all cash now instead of holding a note they may have never wanted in the first place and just move on with their life. Individuals who have sold a business using owner financing produce a business note. A typical business note is similar to Real Estate note. The main difference between the two is that a business note is secured by a business and it’s assets, rather than by Real Estate. It is commonly more difficult to get a bank loan for a purchase of a small business than it is to get a loan for a home. Businesses historically have a high failure rat
