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Business
Notes
What Are Business Notes?
A business note is a promissory note secured by a business and its assets.
How
Are Business Notes Created?
Business notes are created when a business owner sells a business using
seller financing. The note is secured by the business and its assets
in case the buyer defaults.
Who Can
Benefit from the Sale of Business Notes?
About 85 percent 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 involved wishes
to move on to another venture or industry or may need money for expansion.
If you have
recently sold a business that you are still holding a note for, contact
us for further information. There are greater risks involved
with a business note. The chances of a business going under are much
higher, therefore creating a burden on you, the noteholder. We can alleviate
this burden by offering you a lump sum of cash for your note.
Contact us now for a free consultation!
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